| Monday May 30th 2016

RIM to cut 11 percent of workforce

RIM logoWow, that’s a lot of rim jobs.

The Canadian company’s shares sunk 3 percent after the Monday announcement of 2,000 job cuts, a month after RIM said would reduce headcount for the first time in almost a decade.

The company, which described the cost reduction as “a prudent and necessary step” for its long-term success, said it would inform employees who will lose their jobs this week.


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