RIM Cuts Jobs As They Aim To Save $1 Billion

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According to The Wall Street Journal, RIM has been quietly laying off employees for the last few weeks. The company has been laying off employees in small groups of 10 or over the past few weeks from departments like quality control and parts. The lay-offs are part of a plan to save $1 billion in operating costs by the end of the 2013 fiscal year. RIM laid off a batch of 2,000 jobs last year and they are estimated to cut about as many positions this year as well. RIM currently has around 16,500 employees.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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