RIM cutting 2,000 jobs, COO retiring

RIM cutting 2,000 jobs, COO retiring
Highlights
  • Blackberry maker Research In Motion (RIM) announced on Monday that it was cutting 2,000 jobs and that its ailing chief operating officer planned to retire.
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Blackberry maker Research In Motion (RIM) announced on Monday that it was cutting 2,000 jobs and that its ailing chief operating officer planned to retire.

RIM, which is facing increased competition from Apple's iPhone and mobile phones running Google's Android software, revealed plans last month to cut jobs this quarter in a bid to "streamline operations."

The job cuts announced on Monday amount to just over 10 percent of the global workforce of the Waterloo, Ontario-based company.

RIM also said that chief operating officer Don Morrison, who is on temporary medical leave, planned to retire after more than 10 years with the company.

Morrison will be replaced by Thorsten Heins and Jim Rowan, who will split the COO duties, RIM said in a statement.
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