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RIM cuts 200 jobs in Waterloo, reports say

A man tries to hold on to his umbrella as he walks past a Blackberry advertisement billboard in Mumbai.


Technology giant Research In Motion has kick-started a round of layoffs by issuing pink slips to 200 staff in Waterloo, media in the Southwestern Ontario city reported Monday.

The American public-relations firm that handles media inquiries for the company could not be immediately reached to confirm the reports.

RIM, maker of the BlackBerry, announced Friday that it would cut jobs in an effort to streamline operations. The layoffs would take place over the current quarter. RIM did not say exactly how many jobs would be lost or where cuts would occur.

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They are part of a package of changes, including speeding up the launch of new products, designed to shore up the company, which has seen its fortunes flag in the face of increased competition in the smart phone market.

On Friday, as it announced first-quarter earnings, it cut 2012 earnings projections and its stock lost 21.5 per cent of its value, hitting its lowest point in five years. It fell another 6.7 per cent Monday.

The company has a total of 17,500 employees, thousands of whom work in Waterloo, where the company is headquartered in a complex of buildings in an industrial park.

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About the Author
Washington correspondent

Adrian Morrow covers U.S. politics from Washington, D.C. Previously he was The Globe's Ontario politics reporter. He's covered news, crime and sports for The Globe since 2010. He won the National Newspaper Award for politics reporting in 2016. More

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