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Blackberry maker RIM to cut 2,000 Jobs

BlackBerry maker Research In Motion(RIM) said that it will cut about 2,000 jobs, or about 10 per cent of its workforce this year.

RIM said the job cuts are part of its cost optimization program, which it said is focused on “eliminating redundancies and reallocating resources to focus on areas that offer the highest growth opportunities and alignment with RIM’s strategic objectives.” RIM will have about 17,000 employees after the reduction.

Details about the job cuts and other operating expense reductions will be disclosed in the company’s second-quarter results, expected on Sept. 15 2011.

RIM also said that its Chief Operating Officer Don Morrison is planning to retire and Thorsten Heins is taking on the expanded role of COO, product and sales.

[Source]– The Wall Street Journal

About Kugan

Kugan is the founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy