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 | 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.








Trending now »

Hot discussions in our forums right now:

Lock a barrel bolt?
Created by Kol12, last reply by Kol12 on 21-Mar-2019 18:50 (29 replies)
Pages... 2


Samsung Galaxy S10/S10 Lite/S10+ Announcement And Owners Thread
Created by Dial111, last reply by mrgsm021 on 23-Mar-2019 20:44 (574 replies)
Pages... 37 38 39


Support for 'Crusaders' name change appears to be growing..
Created by amiga500, last reply by Handle9 on 25-Mar-2019 01:43 (101 replies)
Pages... 5 6 7


Another 737 Max 8 crash - no survivors
Created by Batman, last reply by Technofreak on 24-Mar-2019 21:10 (156 replies)
Pages... 9 10 11


Regional security screening
Created by larknz, last reply by amiga500 on 23-Mar-2019 17:01 (51 replies)
Pages... 2 3 4


Options for company VOIP system
Created by waikariboy, last reply by chevrolux on 21-Mar-2019 19:50 (10 replies)

Hope your kids are vaccinated.
Created by irongarment, last reply by Rikkitic on 24-Mar-2019 20:13 (220 replies)
Pages... 13 14 15


Dual Vlan 10's on Mikrotik
Created by MichaelNZ, last reply by MichaelNZ on 24-Mar-2019 15:02 (16 replies)
Pages... 2