RIM to post loss, plans 'significant' job cuts

[Forever Sunshine]

Research in Motion, which revolutionized the mobile industry with the once-ubiquitous BlackBerry, is racing against time as it tries to launch a new line of smart phones while struggling to remain afloat.

Amid reports that the company plans to eliminate at least 2,000 jobs, RIM CEO Thorsten Heins said late Tuesday that the next few quarters will be "challenging" and that the company had hired two investment banks to review its operations.

marketday.msnbc.msn.com/_news/2012/05/29/11941015-rim-to-post-loss-plans-significant-job-cuts?lite

[Royston Vasey]

Amid reports that the company plans to eliminate at least 2,000 jobs, RIM CEO Thorsten Heins said late Tuesday that the next few quarters will be "challenging" and that the company had hired two investment banks to review its operations.

That they've "hired two investment banks": - methinks RIM's end is high, and no, I'm not joking.


Go well.

[Forever Sunshine]

The follow up news I saw this morning said they're even thinking of dissolving the company or selling it.