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Layoffs begin at RIM, report claims

Waterloo, Ontario-based Research In Motion has begun laying off workers according to a report from a local newspaper on Tuesday. The Waterloo Region Record reports RIM has already begun reducing its staff, though there is no word on how many employees have been let go at this point. Last week, RIM reported a weak first quarter and poor fiscal 2012 guidance that sent investors running for the door. RIM’s Co-CEOs also confirmed on an earnings call that the company would be reducing its workforce, though no time frame was provided, and that the launches of several upcoming BlackBerry devices have been delayed. Shares of RIM stock have fallen more than 25% since the company reported its earnings last week, and it is down more than 50% so far this year.

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Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 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.