TV News LIES

Sunday, Oct 19th

Last update07:10:17 AM GMT

You are here News Economy BlackBerry maker RIM to cut about 2,000 jobs, shuffle executives

BlackBerry maker RIM to cut about 2,000 jobs, shuffle executives

E-mail Print PDF

Blackberry playbookResearch in Motion, the maker of the BlackBerry smartphones and tablet, said Monday that it will cut its workforce by about 2,000 jobs and move some executives into new roles in an effort to battle the continued growth of Google's Android and Apple's iPhone.

The job cuts, which are beginning on Monday, will leave the Canadian firm with about 17,000 employees, RIM said. The moves follow a 12% drop in quarterly revenue during RIM's fiscal first quarter, which was reported in June.

RIM said the decisions fall in line with its "cost optimization program," which is "focused on eliminating redundancies and reallocating resources to focus on areas that offer the highest growth opportunities."

In particular, the smartphone maker said, the layoffs are "believed to be a prudent and necessary step for the long-term success of the company and ... [follow]  an extended period of rapid growth within the company whereby the workforce had nearly quadrupled in the last five years alone." It seems that RIM now believes it grew bigger than it needs to be.

Among the handful of executive shuffles at RIM announced Monday, Don Morrison, one of the company's three chief operating officers, is retiring; his job will be divided between the other two remaining COOs. Thorsten Heins will become COO of product and sales and Jim Rowan will be chief operating officer of operations.

More...


Most Recent Related Stories...


Trump administration freezes $11bn for infrastructure in Democratic states

Trump cuts funds for Dem statesThe White House budget director, Russell Vought, said on Friday that the Trump administration will freeze...

3 share Nobel Prize in Economics for work on technology, growth and creative destruction

Nobel in EconomicsThe Nobel Prize in economics was awarded to a trio of researchers Monday for their work...

Judge temporarily blocks Trump administration from firing workers during government shutdown

judge susan illstonPresident Trump's administration for now must stop firing workers during the government shutdown, a federal judge...

Trump announces 100 percent tariff on China in response to rare earth controls

100% tariff on ChinaPresident Trump announced Friday he will raise tariffs on China in response to a move from...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!