News Summary: BlackBerry maker begins job cuts

AP News
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Posted: Jun 20, 2012 2:02 PM
News Summary: BlackBerry maker begins job cuts

JOB CUTS: BlackBerry maker Research In Motion has started laying off employees as part of its restructuring plan aimed at saving about $1 billion this year. RIM declined to provide numbers on job cuts.

THE CHALLENGE: The once-iconic BlackBerry company is facing the most difficult period in its history. RIM is preparing to launch a new operating system — Blackberry 10 — later this year, just as North Americans are abandoning BlackBerrys for iPhones and Android phones.

WHAT HAPPENS NEXT: RIM promises an update on jobs when it reports quarterly financial results on June 28.