RIM Cuts 2,000 Jobs

Not too long ago, Research in Motion announced a grim future, highlighted by poor financials and inevitable layoffs. Now, the details of the layoffs have been made clear, with RIM announcing that they’ll be cutting about 2,000 jobs from its global workforce. The 2,000 or so jobs make up about 11% of RIM’s total workforce.

Though RIM is cutting a significant amount of jobs, they also happened to make an acquisition, JayCut, which develops a cloud-based video editing app, in an effort to find synergy with their tablet, the PlayBook. Unfortunate that around 2,000 people will be out of a job, but maybe overall, some good may come out of it, in that RIM may be able to keep afloat and rebuild their empire.

(StreetInsider via Techmeme, Geek.com)

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James Plafke