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Monday, July 25, 2011

BlackBerry Maker RIM Lays Off 10% Of Workforce

NEW YORK (CNNMoney) -- Research In Motion, the maker of BlackBerry devices, said Monday that it would cut more than 2,000 jobs as part of apreviously announced cost-cutting effort.

Shares of RIM (RIMM) fell more than 1% in premarket trading.

The Waterloo, Ontario-based company said the cuts amount to over 10% of its total workforce. RIM's headcount will be reduced to about 17,000 after the pink slips are handed out this week.
The company also announced new responsibilities for its top management "to create greater alignment of the organization." The most major change was the retirement of chief operating officer Don Morrison, who left the company after having been on medical leave. He was replaced by Thorsten Heins.


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