RIM Begins “Cost-Optimizing” Employees
Research In Motion didn’t waste any time implementing that “cost-optimization program” it announced while reporting earnings last week. The company began sacking employees at its Waterloo, Ontario, headquarters today. It’s not yet clear how broad these initial cuts are, but various media reports put the number at about 200.
RIM declined comment on the news Tuesday, but the move comes just days after it announced plans to cut an unspecified number of jobs as part of what co-CEO Jim Balsillie euphemistically described as a “streamlining.”
“I wouldn’t call this a reorganization or a restructuring,” he said last week. “If we don’t have an efficient organization, that’s not helping anybody. This is more of a streamlining exercise.”
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