RIM starting to cut its workforce as its recent troubles begin to hit home

RIM starting to cut its workforce as its recent troubles begin to hit homeThings are looking increasingly shaky for BlackBerry maker RIM, with a recent run of bad press and disappointing results now set to be capped by the cherry on the cake: job cuts.

According to a Canadian newspaper, the firm has started handing out layoff notices after previously announcing it would be cutting an unspecified number of jobs.

The Waterloo Region Record, which serves Waterloo, Ontario, where RIM is based, confirmed that the cuts were already taking place earlier this week, though wasn't able to add fresh info in terms of numbers.

It's just the latest bit of bad press for a company that is having a year to forget, and – depending on who you listen to – seems to be on increasingly shake ground overall.

BlackBerry's traditional strength has always been in the business smartphone arena, but recent years have seen Android and Apple's iOS making significant inroads into the enterprise market, while BlackBerry has never managed to find a serious foothold in the consumer sector to compensate.

The tablet market represented a great opportunity to start turning things around, but sadly the BlackBerry PlayBook's arrival on the scene has been dogged by problems, not least of which is the lack of a native email client on board – surely an embarrassment for a firm that has built its entire business around communication tools.

Its various trials and tribulations have seen RIM's share price plummet more than 50% this year alone, and there is little to suggest that a turnaround in fortunes is coming anytime soon.

Via Reuters

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