RIM Cuts 5000 Jobs, Delays BlackBerry 10
WATERLOO, Canada – Research in Motion (RIM) was expected to register losses for the first quarter of 2012, but the range of the drop reached unexpected depth of $192 million, or $0.37 per share on revenue of $2.8 billion, which means 41% decrease from the same quarter a year earlier.
Based on these, results the company is planning to fire more than 5 000 of its personnel globally, and even to consider opportunities to license BlackBerry 10 to other companies.
Another result of the economic troubles of RIM may prove to be the delay of the release of its first full touchscreen phone for the beginning of 2013. The company justifies the delay with the large amount of development that is needed for the full working version of the BlackBerry 10 operating system, but the cut of 5 000 employees may also reflect on the working speed of the company.
On other fields RIM is also planning a reduction in the number of layers of management, continued streamlining of the supply chain, outsourcing key parts of the company’s global repair operations and other functions, targeted use of resources and other measures aimed at better business results.