Tuesday, July 26, 2011

Round of Layoffs to Start at Research in Motion - NYTimes.com

Check the article link below for a stark RIM snapshot

As it struggles with the declining popularity of the BlackBerry line of smartphones, Research In Motion said on Monday that it would begin laying off about 2,000 employees, 10.5 percent of its work force, this week.

While the company had previously announced that it planned to cut employees, the number of jobs lost was higher than some analysts expected, perhaps suggesting that the company’s situation was deteriorating more rapidly than earlier thought.

Round of Layoffs to Start at Research in Motion - NYTimes.com

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