RIM Begins Laying Off Employees, Won't Say How Many (Yet)
June 20, 2012 8:44 AM
comment(s) - last by
The layoffs are reportedly occurring in many different departments including manufacturing and sales
Research In Motion (RIM) has officially
started laying off employees
after suffering a huge quarterly financial loss and losing the smartphone race against the likes of Apple and Google.
RIM hasn't announced exactly how many layoffs have occurred or how many will occur, but many people are posting on RIM forums like Crackberry.com saying that the layoffs have begun.
The layoffs are reportedly occurring in many different departments including manufacturing and sales. It is said that severance packages are being offered to these employees.
"RIM has committed to achieving significant efficiencies and operating cost reductions over the course of this fiscal year," said Tenille Kennedy, RIM spokesperson. "Our financial target is to drive at least $1 billion in savings by the end of fiscal 2013. Head count reductions are part of this initiative."
Previous reports released last month indicated that
RIM was looking to cut 2,000 jobs
total during this time period. That is about 12 percent of RIM's 16,500 worldwide workforce. However, new reports are saying that RIM may cut as many as 6,000 jobs this round -- 36 percent of its global workforce.
RIM's layoffs and need for $1 billion in savings stems from a poor Q1 2012 financial report, which was a $125 million USD loss. Before that, the company lost market share to Apple's iPhone and Google's Android-powered phones. RIM's BlackBerry smartphones just couldn't compete, and even its BlackBerry PlayBook took a dive after release. But, to be fair, Apple's iPad is king of the tablet market and no other competitor has been able to touch it. The Kindle Fire has been the only tablet to cut into Apple's market share during the holiday season in 2011, where
Amazon moved 4.7 million units
and Apple moved 15.4 million units.
With this much competition, RIM is sinking and looking to layoffs for a partial answer. Some have even said that RIM may become a candidate for bankruptcy or a sale.
This article is over a month old, voting and posting comments is disabled
6/20/2012 10:01:12 PM
RIM is publicly traded right? how do you think GM was bailed out.
"This week I got an iPhone. This weekend I got four chargers so I can keep it charged everywhere I go and a land line so I can actually make phone calls." -- Facebook CEO Mark Zuckerberg
RIM Prepares to Cut 2,000 More Jobs as it Tries to Stay Afloat
May 26, 2012, 2:00 PM
Kindle Fire Moves 4.7 Million Units, Cuts Into iPad's Market Share
March 14, 2012, 11:29 AM
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Leak: Apple Preps for First Real Android App Foray With New Apple Music App
October 24, 2015, 1:59 PM
Pepsi Smartphone? Empty Calories Coming Soon to the Midrange
October 12, 2015, 11:41 PM
Most Popular Articles
Free Windows 10 offer ends July 29th, 2016: 10 Reasons to Upgrade Immediately
July 22, 2016, 9:19 PM
Top 5 Smart Watches
July 21, 2016, 11:48 PM
2017 Porsche Panamera: I’ll Take Three of These.
July 24, 2016, 6:44 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information