Not Long Ago, RIM Had 20,000 Employees. Within a Year, It Could Have Just 10,000

Posted by Knowlton Thomas

Over the weekend, we reported that Waterloo's Research In Motion was undergoing a major global structuring that would trigger the laying off of roughly 2,000 employees. Turns out, it could be much worse than that.

At the BlackBerry maker's peak, it had a whopping 20,000 employees. Last year, it laid off thousands, shrinking that number to 16,500. And according to inside sources, RIM has been quietly picking off hundreds more employees over the past several months. Now, sources close to the Canadian tech company are saying the layoffs are much broader than first reported: up to 6,000 people may get the axe this year.

This would bring RIM's headcount down to just over 10,000—just half of what it was only a couple of years ago. Then again, 50% is a small percentage to fall compared to the company's stock, which was plunged well over 90% since 2008 and now threatens to sink into the single digits.

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999. BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. The BlackBerry product line includes the BlackBerry® PlayBook™ tablet, the award-winning... more


Similar Posts


blog comments powered by Disqus

Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



Recent Comments

Powered by Disqus