Email
Password
Remember meForgot password?
Log in with Facebook Log in with Twitter
Connect your Digital Journal account with Facebook or Twitter to use this feature.

article imageRIM slashes 11% of global workforce, COO retires

By Andrew Moran     Jul 25, 2011 in Business
Waterloo - BlackBerry maker Research in Motion announced Monday it was cutting 2,000 jobs around the globe, or 11 percent of its workforce. It also announced that Don Morrison, Chief Operating Officer, is retiring.
The smartphone market has become a competitive field in the last few years. It seems everywhere you go, most individuals have some sort of smartphone, whether it is the BlackBerry, Android, Windows Phone 7, iPhone and others.
In order to remain a serious contender in the market, RIM has announced it is slashing 2,000 jobs from its workforce, or 11 percent, as part of its cost optimization program. This is a larger number than originally expected, but is a factor in the Waterloo, Ontario-based company’s recovery.
At the end of the layoffs, there will be approximately 17,000 employees remaining with the company, the technology corporation noted.
“The workforce reduction is believed to be a prudent and necessary step for the long term success of the company,” RIM said in a statement. “It follows an extended period of rapid growth within the company whereby the workforce had nearly quadrupled in the last five years alone.”
The company will notify the North American and global employees of their termination later this week, who will then receive severance packages and outplacement support. “The remainder of the global workforce reductions will occur at a later date subject to local laws and regulations.”
RIM also announced in a press release that Chief Operating Officer Don Morrison was stepping down from his position and is retiring after spending more than 10 years with the company.
Prior to joining RIM, Morrison held several senior-level positions with AT&T and Bell Canada in the United States, Europe and Canada.
“We thank Don for his outstanding service to RIM. We understand and respect his decision to retire after successfully dealing with a serious medical challenge and we wish him a quick recovery,” said RIM co-CEOs, Jim Balsillie and Mike Lazardis.
“Don’s presence at RIM will be missed, but our senior management and sales teams had already stepped up to manage Don’s responsibilities since the commencement of his medical leave and we’re confident in the ability of those teams to continue Don’s tradition of success going forward.”
More about Rim, Cutting jobs, Blackberry, don morrison, Research in motion
More news from