RIM Expected to Cut 2,000 Jobs
Research In Motion (RIM) will soon announce a major global restructuring that will include at least 2,000 layoffs, according to an article published Sunday by AllThingsD, citing sources close to the company.
The company that continues to struggle will reportedly cut thousands of jobs as early as this week. RIM continues to see sluggish sales and is set to report quarterly financial results on Friday. RIM’s stock price has lost 75 percent of its value over the past 12 months.
Last year July, RIM cut 2,000 workers as a necessary step for the long-term success of the company. In January, founders and co-CEOs Jim Balsillie and Mike Lazaridis where fired and replaced by CEO Thorsten Heins, reported the CBC Monday. Last week the Company announced Patrick Spence, global sales chief had resigned from the company.
On Monday, the Company announced top lawyer – chief legal officer Karima Bawa is leaving the company after 12 years of service.
RIM, the Canadian multinational company and manufacturer of BlackBerry smartphones, is headquartered in Waterloo, Ontario.