Friday, August 12

BlackBerry maker, more than 2,000 jobs cut

Research in motion said, it is more than 2,000 jobs, or 11 percent of workers, and the severance payment is not its second quarter and full year Outlook.

His said the BlackBerry maker, Chief Operating Officer Don Morrison plans to retire and Thorsten Heins takes the expanded role of COO, product and sales.

RIM said that the workers affected will receive severance packages and outplacement support by the cuts.

Waterloo, Ontario-based RIM has violated by you product delays and competition from Apple Inc. iPhone and Smartphones, Google Inc.-Android operating system to run.

An analyst said job cuts were slightly lower than expected, but were key to RIM recovery from a slump triggered by stiff competition from Apple Inc. and Google Inc.

"This is not completely unexpected." "I think the size (cut) is a little larger than what that suggests they were," said Jefferies and co analyst Peter Misek. "I think this is restructuring the cost structure to a new growth or distribution reality obviously."

Although their blackberries have dominated the corporate smartphone market was RIM not in a position, this success to the broader consumer market, where rule to translate the iPhone and Android phones. Not in the meantime, the launch of his textbook of Tablet PC, was so successful as the company had hoped.

RIM reported a 10 percent drop in the fiscal first quarter profit in June and gave an Outlook for the year, which was well below what analysts had expected.

Reuters and the associated press contributed to this report.

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