Report: RIM preparing for massive cuts

Staff Editor

Rim is preparing for a massive global restructure that could cost around 2000 jobs according to a news report.

Citing “several people close to the company”, the Globe and Mail said RIM's restructuring plans would affect the company's employees worldwide. The company currently has a total of 16,500 employees. The layoffs are expected to be announced on June 1, a day before the company's first quarter ends, however some sources said the announcement could arrive sooner.