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RIM (RIMM) confirms its rumored layoffs, saying "headcount reductions" are part of its strategy...

RIM (RIMM) confirms its rumored layoffs, saying "headcount reductions" are part of its strategy for cutting $1B in operating expenses. RIMM previously said it would save the money by cutting the number of manufacturing sites. Some analysts expect a cull of 2,000-3,000 jobs, though sources previously suggested that number could hit 6,000.
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Comments (5)
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    Cutting mfg sites seems to suggest cutting production volume which means lower sales, etc. The really need to cut 6K jobs and get back to a revenue per employee metric that is reasonable. Margins are not going up in this industry and that is a fact.
    20 Jun 2012, 04:30 AM Reply Like
  • LoganSix
    , contributor
    Comments (527) | Send Message
     
    Or, reducing the number of places that built the 4 types of old phones, to the only one or two to build the 2 types of new phones.
    20 Jun 2012, 06:20 AM Reply Like
  • bedrock65
    , contributor
    Comments (637) | Send Message
     
    True they need to reduce the number of phones to three highend qwerty and touch and an entry level.
    20 Jun 2012, 08:03 AM Reply Like
  • paul435
    , contributor
    Comments (31) | Send Message
     
    I don't believe these are manufacturing jobs they're cutting.
    20 Jun 2012, 11:58 AM Reply Like
  • paul435
    , contributor
    Comments (31) | Send Message
     
    I believe the job cuts are not from manufacturing.
    20 Jun 2012, 11:58 AM Reply Like
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