RIM set to cut 2,000 jobs

Reuters has a story that RIM are about to cut 2,000 jobs, or 11 percent of its workforce. RIM said the job cuts are “a prudent and necessary step” for its long-term success, and comes on the back of a spate of bad press for RIM that has had their share price tumbling in the wrong direction.

The BlackBerry maker also announced a string of changes to executive responsibilities and, in the latest departure, said Chief Operating Officer Don Morrison would retire.

Morrison, currently on temporary medical leave, will be leaving after more than 10 years at the company.

RIM said when it reported first quarter results last month that it would cut jobs to stay competitive, but it gave no details at the time.


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