RIM Continues To Bleed Money, Cuts Jobs, Delays OS
From the “This is getting repetitive” department, RIM is crumbling. They are continuing to fire people left and right with their latest pink slip hand-out leaving 5,000 men and women without jobs.
[quote]Restructuring efforts underway that will include a workforce reduction of approximately 5,000 employees as part of RIM’s efforts to realize over $1 billion in cost savings, based on RIM’s Q4 FY2012 run rate[/quote]
Even worse news? BlackBerry 10, their next OS, isn’t even going to make the planned release for this year. It’s now supposedly set to be released early next year. If RIM can stay above water that long.
Thorsten Heins, RIM CEO:
[quote]Our top priority going forward is the successful launch of our first BlackBerry 10 device, which we now anticipate will occur in the first quarter of calendar 2013. In parallel with the roll out of BlackBerry 10[…][/quote]
It really sucks that so many people are out of work, but this really boils down to management that is not only inept, but arguably reckless. It’s a shame that a company that had a brand that once had some serious cachet has completely and totally screwed the pooch.
And now, a musical interpretation of RIM, their financial issues, and marketshare: