RIM to ax 2,000 jobs

“Patrick Spence, who quit this week as Research In Motion Ltd.’s global sales chief, was not the first senior executiveto leave the struggling BlackBerry maker this spring and he will not be the last, as the company prepares for thousands of additional layoffs,” Iain Marlow reports for The Globe and Mail Update.

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“A number of senior managers have departed RIM since the January management shakeup that installed Thorsten Heins as its new chief executiveofficer, sources say – and what has been a steady trickle is about to speed up dramatically,” Marlow reports. “RIM, according to several people close to the company, is preparing for a major global restructuring beginning in the next couple of weeks that will see it eliminate at least 2,000 jobs across its worldwide operations. One person familiar with the company’s plans said the layoffs may cut even deeper than that. RIM has about 16,500 employees worldwide.”

Marlow reports, “RIM, which has stopped providing earnings guidance amid the recent competitive turmoil, now needs to slim down as it struggles to mount a comeback against rivals with huge resources. ‘They’ve been axing people on the sly for months,” one former RIM executive said. “Lots of guys are being packaged out right now.’ The next round is layoffs is said to be planned for around June 1 – a day before RIM’s first quarter ends on June 2 – but some expect the announcement even earlier.”

Read more in the full article here.

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