RIM to Cut 2,000 Jobs or 11 Percent of Workforce
Research In Motion Limited (RIM) today announced plans to cut about 11 percent of its workforce in order to slash costs and remain competitive in the market. The Blackberry maker has faced tough competition from Apple and Google in recent years and hasn’t been able to make a successful comeback yet.
As part of this broad effort, RIM is reducing its global workforce across all functions by approximately 2,000 employees. RIM intends to notify impacted employees in North America and certain other countries this week. The remainder of the global workforce reductions will occur at a later date subject to local laws and regulations. All impacted employees will receive severance packages and outplacement support. Following the completion of the workforce reduction, RIMs global workforce is expected to be approximately 17,000 people.
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