Not even a week after RIM reported disappointing financial results, the company started handing out layoff notices to some workers.
[ad#Google Adsense 300×250 in story]First reported in the Waterloo Region Record, the layoffs are part of a “headcount reduction” that RIM co-CEOs announced last week. The layoffs are RIM’s way of keeping costs in line for the upcoming fiscal quarter.
To say RIM has had trouble lately would be a huge understatement. From a disastrous PlayBook launch, to accusations that the company is forcing carriers to approve bug-ridden BlackBerry devices, RIM has not handled the pressure from Apple and Google well at all.
Once a powerhouse in the smartphone business, RIM’s stock has fallen from almost $50 in June 2010 to about $27 today.