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:

Could I have some maths help please.
Created by kiwifidget, last reply by joker97 on 30-Apr-2016 16:18 (60 replies)
Pages... 2 3 4


Electoral Party most likely to do something about Auckland housing bubble?
Created by TeaLeaf, last reply by MikeAqua on 29-Apr-2016 16:18 (202 replies)
Pages... 12 13 14


Chief Censor backs ban on offensive Wicked Campers designs
Created by Mspec, last reply by darylblake on 29-Apr-2016 20:15 (47 replies)
Pages... 2 3 4


Removing a (faulty) dimmer unit
Created by mdf, last reply by mdf on 30-Apr-2016 22:15 (15 replies)

Lightbox free for Spark home broadband customers
Created by freitasm, last reply by rscole86 on 28-Apr-2016 15:02 (14 replies)

Electrical Wiring questions
Created by Willuknight, last reply by Willuknight on 30-Apr-2016 20:42 (26 replies)
Pages... 2


They lost the war on drugs
Created by Rikkitic, last reply by Rikkitic on 30-Apr-2016 23:00 (383 replies)
Pages... 24 25 26


Vodafone NZ might get bought out?
Created by slare1, last reply by MikeB4 on 29-Apr-2016 18:15 (35 replies)
Pages... 2 3