Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

RIM to lay off 2,000 employees
Posted on 26-Jul-2011 08:20. | Tags Filed under: News.



RIM today provided further details on its cost optimization program, which is focused on eliminating redundancies and reallocating resources to focus on areas that offer the highest growth opportunities and alignment with RIMís strategic objectives.

The company says the workforce reduction is believed to be a prudent and necessary step for the long term success of the company and it follows an extended period of rapid growth within the company whereby the workforce had nearly quadrupled in the last five years alone.

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.

The size of this workforce reduction is in line with the preliminary estimate that was factored into RIMís full year financial guidance on June 16, 2011. Following the completion of the workforce reduction, RIMís global workforce is expected to be approximately 17,000 people.

Additional information about the financial impact of this workforce reduction and other operating expense reductions will be communicated when the company reports Q2 results on September 15, 2011.


comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Snap have failed our company!
Created by dafman, last reply by toejam316 on 21-Oct-2014 16:38 (22 replies)
Pages... 2


Spark Socialiser
Created by freitasm, last reply by yitz on 21-Oct-2014 11:38 (18 replies)
Pages... 2


American legal jurisdiction in New Zealand
Created by ajobbins, last reply by gzt on 21-Oct-2014 14:58 (30 replies)
Pages... 2


Another Trade Me competitor: SellShed
Created by freitasm, last reply by gzt on 21-Oct-2014 15:21 (27 replies)
Pages... 2


Why would Suresignal calls be worse quality than non-Suresignal calls from the same location?
Created by Geektastic, last reply by froob on 21-Oct-2014 08:21 (41 replies)
Pages... 2 3


Picture resizing on the forum
Created by Jase2985, last reply by freitasm on 18-Oct-2014 13:32 (13 replies)

Internet question...
Created by Geektastic, last reply by Geektastic on 17-Oct-2014 22:59 (40 replies)
Pages... 2 3


Why do people keep thinking National are doing a great job?
Created by sxz, last reply by Geektastic on 20-Oct-2014 23:05 (156 replies)
Pages... 9 10 11