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.
Layoffs hit RIM
Updated Dec 19th, 2018 8:27PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
