RIM Slashes 11% Of Their Workforce… And More….

It’s got to be a scary time to be a RIM employee right now. That’s because the news is out that RIM is going to axe 2000 jobs or about 11% of their workforce:

“The work force reduction is believed to be a prudent and necessary step for the long term success of the company and it follows an extended period of rapid growth within the company whereby the work force had nearly quadrupled in the last five years alone,” RIM said in a statement.

Maybe, but it’s also meant to buy themselves time until RIM comes up with something that will blow the doors off smart phone users. There’s more:

In addition to the layoffs, RIM also announced a series of changes to its executive structure. For the most part, the changes entail giving a number of senior executives – although not co-CEOS Mike Lazaridis and Jim Balsillie – more responsibilities. Chief operating officer (product and sales) Thorsten Heins will oversee all product engineering functions at the company. Chief information officer Robin Bienfait will also take on responsibility for the business enterprise unit. Chief operating officer (operations) Jim Rowan and chief financial officer Brian Bidulka will oversee the cost-cutting program.

I guess they need all the help they can get. Right now RIM seems like they’re a ship without a rudder. Which isn’t going to help them get back into the smart phone game. Assuming that they’re even still in the game.

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