Things aren't looking too good for Research In Motion (better known as RIM) as the company has announced that it plans to cut 2,000 jobs - almost a tenth of its workforce in order to cope with its current losses from slow sales and stolen market share. The downsizing will leave the company with about 17,000 employees left to “focus on areas that offer the highest growth opportunities.”. Seeing how the company has been faring recently in the smartphone market, you can't really blame it - RIM has predicted that sales this quarter may drop for the first time in nine years.
Ubergizmo
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digitalhouse, RIM cutting 2,000 jobs to cope with losses
