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.
You know what’s shitty about that. I’ll bet none of the people being laid off are the 2 CEO’s or the 3 COO’s or any of the other duplicated roles at the ELT level they’ll be the poor bastards in the middle and bottom of the totem pole which will be shafted by this.
Agreed. If there is anyone who led RIM to this state, it’s the upper-level management. Those are the ones who should be taking the hit.
Agree with both of you.
Looking at it from a different direction, RIM management is doing a good thing by letting those folks go. It’s their version of “I’m not going to make it. Go on without me.”
Nope in fact, the first to go were the minimum wage temps on the assembly line. Fact.
Amateur hour will soon be over.