Report: RIM to Slash Headcount Next Week
NEW YORK (TheStreet) -- The Research In Motion (RIMM) rumor mill continues to churn, with the company reportedly set to lay off 3,000 workers next week.
BGR reports that RIM will lay off 3,000 workers next week, as the company aligns its cost structure with slowing and declining revenue and market share. The BlackBerry maker has continued to lose market share in the smartphone market to both Apple (AAPL) and Google (GOOG), through its Android operating system.
Citing an unnamed source, BGR reports that all departments are at risk for layoffs, except for employees working on BlackBerry 10. The source said some employees have been packing their desks ahead of the rumored workforce reductions.
A Research In Motion spokeswoman confirmed the 5,000 layoffs the company announced earlier this year have been ongoing and are being done "as quickly as possible with respect to the employees."
Interested in more on Research In Motion? See TheStreet Ratings' report card for this stock. Follow TheStreet Tech on your wireless devices. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_BullSelect the service that is right for you!
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