RIM Layoffs Have Begun

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It has been reported that RIM has let go “hundreds” of employees in the past 24hrs. Take it for what it is worth, unfortunately what has to be done is being done.

Tenille Kennedy, RIM’s spokesperson, reportedly confirmed to the Waterloo Record that layoffs started today and they “may continue to do so as the company methodically works through a review of the business. “RIM has committed to achieving significant efficiencies and operating cost reductions over the course of this fiscal year. Our financial target is to drive at least $1 billion in savings by the end of fiscal 2013… Head count reductions are part of this initiative,”

Source: Waterloo Record

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