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Tuesday, 21 June 2011 - RIM starts handing out layoff notices, report says |
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    Edition: U.S. Article Comments (1) Editor's Choice Fitch sees risk of Greece, U.S. debt defaults Weiner formally submits resignation from the House Analysis: Market tweaks adding up for U.S. brokers Wal-Mart wins in sex-bias case at top U.S. court Foreign direct investment into U.S. jumps in 2010 Fresh Libya civilian deaths pile pressure on NATO Where really big money goes to find company Comment: Yes, there is a difference between American and Japanese cars Video: Grim cigarette labels aim to curb smoking Slideshow: The Paris Air Show Follow Reuters Facebook Twitter RSS YouTube Read Fitch sees risk of Greece, U.S. debt defaults | 11:04am EDT RIM starts handing out layoff notices, report says 9:53am EDT Huntsman enters 2012 race, vows "hard decisions" | 11:39am EDT U.S. releases graphic tobacco warning labels | 9:52am EDT Amy Winehouse cancels entire tour | 9:17am EDT Discussed 48 Weiner tells friends he will resign: NY Times 47 IMF cuts U.S. growth forecast, warns of crisis 46 Ron Paul wins 2012 Republican straw poll in New Orleans Watched Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 Grim cigarette labels aim to curb smoking Mon, Jun 20 2011 Airbus A380 damaged at Paris Air Show Mon, Jun 20 2011 RIM starts handing out layoff notices, report says Tweet Share this Email Print Related News RIM defection triggers fresh slide in share price Mon, Jun 20 2011 RIM swoons on grim results, shareholders fret Fri, Jun 17 2011 CANADA STOCKS-TSX opens higher on resources, RIM dives Fri, Jun 17 2011 Instant view: RIM shares dive after weak outlook Fri, Jun 17 2011 BlackBerry maker slashes forecast, shares tumble Thu, Jun 16 2011 Analysis & Opinion Tech wrap: The Web is about to get some new domains Tech wrap: Government bringing knife to cyber gun fight? Related Topics Technology » Hot Stocks » Asian Markets » A man tries to hold on to his umbrella as he walks past a Blackberry advertisement billboard in Mumbai August 30, 2010. Credit: Reuters/Danish Siddiqui TORONTO | Tue Jun 21, 2011 9:53am EDT TORONTO (Reuters) - BlackBerry maker Research In Motion has started to hand out layoff notices after it said on Friday it would cut an unspecified number of jobs, a local newspaper said on Tuesday. A spokesman for the Canadian company could not be reached immediately to confirm the report in the Waterloo Region Record, which serves the Ontario city where RIM is headquartered. The report gave no specific numbers on the layoff notices, but noted that RIM employs about 17,500 workers globally, including 9,000 in the Waterloo region. Shares of RIM, which once dominated the business segment of the smartphone market, have dropped about 27 percent since it revealed dismal quarterly results and lowered its full-year outlook on Friday. The stock is down more than 50 percent this year after a series of missteps as it tries to keep pace with Apple Inc and other innovators in the smartphone and tablet computer markets. (Reporting by Frank McGurty; editing by Janet Guttsman) Technology Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) Ocala123456789 wrote: where is that arrogant ceo dude? are you still acting rude against reporters? Jun 21, 2011 8:46am EDT  --  Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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