Skip to comments.Canada's Research in Motion to cut at least 2000 jobs
Posted on 05/27/2012 6:18:16 PM PDT by DeaconBenjamin
TORONTO: Research In Motion Ltd is preparing for a major restructuring beginning in the next couple of weeks that will see it eliminate at least 2,000 jobs worldwide, the Globe and Mail reported on Saturday, citing unnamed sources.
The Canadian newspaper, citing several people close to the company, reported that the next round is layoffs is said to be planned for around June 1 - a day before the BlackBerry smartphone maker's first quarter ends - but some expect the announcement even earlier.
One person familiar with the company's plans said the layoffs may cut even deeper than 2,000 jobs, the article said, adding that the layoffs are expected to sweep across departments including the legal, human resources, finance, sales and marketing units. Company officials did not immediately respond to a message from Reuters seeking comment on the report.
Once the dominant player in the wireless e-mail sector, RIM has lost market share amid fierce competition from Apple Inc and phones running on Google Inc's Android software.
Basic econ 101..
RIM needs to sell out while their stock is worth at least something. I do not know who would even care to buy them though. They are dying a fast death. I see no turnaround being possible.
RIM is a perfect example of the adage, “The Early Bird may get the worm, but it’s the Second Mouse that gets the cheese.”
Looking forward to seeing Blackberries running Windows Phone 8!
If they had the foresight to come up with a touch screen earlier than they did, they might have been able to compete. When they did come out with a touch screen it was terrible. They would have done well to have partnered with someone on this.
It was also amusing to see RIM claim:
1. People didn’t want touch screens. (Failed to do the research.)
2. The iPhone couldn’t possibly do what it claimed. (NIH syndrome.)
3. People wanted to be assured that their mail and communication was only going to go through one secured source. (Hey, how’d those repeated BB outages work for you?)
4. People didn’t want apps or new features in their phones without having to buy a new one to get them. (Failed to do the research.)
5. People would keep buying the same old feature set forever because it was for BUSINESS. (Stupidity.)
It wasn’t that people didn’t want touch screens. It’s that people didn’t want THEIR touch screen interface when they showed them to focus and test groups.
I had a bad experience with a crashberry.. Now that I have an Android phone, never looked back...