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:

What's your take on this whole no conviction rugby thing.
Created by Mspec, last reply by tdgeek on 30-Sep-2016 09:09 (69 replies)
Pages... 3 4 5


Safe, practical SUV for family under 12k
Created by wikibedi, last reply by joker97 on 29-Sep-2016 23:21 (52 replies)
Pages... 2 3 4


Getting Your Daily Fix - Sites you have to check everyday
Created by firefuze, last reply by Brumfondl on 29-Sep-2016 19:45 (23 replies)
Pages... 2


Possibly the best contribution to road safety since ABS
Created by Geektastic, last reply by scuwp on 30-Sep-2016 07:20 (39 replies)
Pages... 2 3


Buying without building consent/CCC?
Created by Zeon, last reply by neb on 27-Sep-2016 16:33 (38 replies)
Pages... 2 3


Galaxy Note 7 Announcement and Owners' Thread
Created by eracode, last reply by eracode on 29-Sep-2016 07:21 (975 replies)
Pages... 63 64 65


Will this setup work?
Created by cjmack, last reply by timmmay on 29-Sep-2016 21:19 (14 replies)

When do the 'free' UFB installs end?
Created by ZollyMonsta, last reply by chevrolux on 29-Sep-2016 19:30 (14 replies)