News Articles

Wednesday, May 30, 2012

RIM warns of quarterly loss and job cuts for BlackBerry workers

BlackBerryResearch In Motion has published a business update from CEO Thorsten Heins.

It warns that its quarterly results, due on 28th June, are likely to shown an operating loss due to the company’s ongoing transformation and the competitive business environment.

JP Morgan Securities and RBC Capital Markets have been appointed to review RIM’s business and financial performance. They’ll look at a number of possible business strategies including partnerships, licensing opportunities and alternative business models.

In addition, the statement says “there will be significant spending reductions and headcount reductions” in parts of the business, although other areas will see new staff being hired. It’s currently aiming to save $1 billion by the end of the 2013 financial year.

The company, which currently has around 78 million customers worldwide, is planning to launch its next-generation BlackBerry 10 platform later this year.

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, Operating systems, NewsNumber of views: 4022

Tags: rim blackberry

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«November 2024»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678

Archive

Terms Of Use | Privacy Statement