But with RIM potentially laying off up to 3,000 people today, not everything is rosy. Which is why the Ontario government has stepped in to assist this new wave of laid-off workers.
Partnering with Communitech, local universities, and Research In Motion, Ontario is employing a three-pronged approach to help laid-off workers cope with job loss and find new employment. Communitech and Employment Ontario will help workers find new jobs in the Waterloo region's tech sector; the University of Waterloo and Wilfrid Laurier University will add spaces to their entrepreneurship and business programs to help the unemployed develop new skills; and an action centre will be created to offer employment and education counselling.
While we applaud any efforts by government to help ease the burden of being laid off, we question why a region such as Waterloo - whose white-hot tech space produces one startup per day - requires government intervention to deal with excessive unemployment.