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Blackberry to cut 2000 jobs


Wednesday, July 27, 2011

BlackBerry maker Research In Motion Ltd. is cutting 2,000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives.

The job cuts amount to about 10 percent of the company's work force. The company said Monday it will notify affected employees this week. It expects to give more information on the layoffs when it reports fiscal second-quarter results on Sept. 15.

Its U.S. shares fell 41 cents, or 1.5 percent, to $27.50 in premarket trading.

RIM has been hurt by product delays and competition from Apple 's iPhone and smartphones that run Google's Android operating system

By: DocMemory
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