Layoffs hit RIM

RIM Layoffs 2012

Almost exactly one year ago, The Waterloo Record reported that struggling smartphone maker Research In Motion began laying off workers in an effort to cut costs. On Tuesday evening, 364 days later, the publication again reports that layoffs have begun to sweep RIM. Reports emerged last month suggesting that RIM plans to lay off at least 10% of its global workforce, or approximately 2,000 employees, as the company bides time until its first BlackBerry 10 smartphone launches later this year. “RIM has committed to achieving significant efficiencies and operating cost reductions over the course of this fiscal year,” a RIM spokesperson told The Waterloo Record on Tuesday. “Our financial target is to drive at least $1 billion in savings by the end of fiscal 2013. Head count reductions are part of this initiative.” The site notes that RIM laid off approximately 2,000 workers earlier this year as well, and this current round of job reductions could see as many as 6,000 cuts as RIM attempts to drive $1 billion in savings by the end of fiscal 2013.

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