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Old 07-25-2011, 07:24 AM   #1 (permalink)
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Default RIM to cut 2000 jobs

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Just hit the wire as breaking news, RIM will cut 2,000 jobs or about 10% of its workforce.

Here is more: http://www.engadget.com/2011/07/25/r...-halt-decline/

And another from CNN: vhttp://money.cnn.com/2011/07/25/technology/rim_layoffs/index.htm?hpt=hp_t2
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Old 07-25-2011, 12:44 PM   #2 (permalink)
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Default Re: RIM to cut 2000 jobs

CP24/CTV News also said this morning that one of the CEO's is retiring.
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Old 07-25-2011, 12:49 PM   #3 (permalink)
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Default Re: RIM to cut 2000 jobs

"The company also on Monday made a series of senior and mid-level executive changes, including the retirement of Chief Operating Officer Don Morrison."

No published reports about the co-CEOs...
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Old 07-25-2011, 01:44 PM   #4 (permalink)
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Default Re: RIM to cut 2000 jobs

Time to lance the boil. This is a good thing.
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Old 07-25-2011, 06:56 PM   #5 (permalink)
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Default Re: RIM to cut 2000 jobs

Quote:
Originally Posted by smoothadmin View Post
CP24/CTV News also said this morning that one of the CEO's is retiring.
You're right, Don Morrison, one of the company's three chief operating officers, is retiring; his job will be divided between the other two remaining COOs. Thorsten Heins will become COO of product and sales and Jim Rowan will be chief operating officer of operations.
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Old 07-27-2011, 09:28 AM   #6 (permalink)
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Default Re: RIM to cut 2000 jobs

Quote:
Originally Posted by TheDailyBerry View Post
You're right, Don Morrison, one of the company's three chief operating officers, is retiring; his job will be divided between the other two remaining COOs. Thorsten Heins will become COO of product and sales and Jim Rowan will be chief operating officer of operations.
Two CEO's and three COO's. Did these guys come from banks or something? It seems in banks, unless you're just a lowly teller, you're a VP - could be Assistant VP, Associate VP, VP, Senior VP or Executive VP, but you're a VP (so all customers get to feel important - they're dealing directly with a VP!)

RIM giving out two CEO and three COO titles is just ridiculous.
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Old 07-27-2011, 09:51 AM   #7 (permalink)
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Default Re: RIM to cut 2000 jobs

Maybe it is a Canadian thing.......
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