Research in Motion lays off 10 percent of staff

July 25, 2011

Research In Motion (RIM) said July 25 that it will cut about 2,000 jobs, or 11 percent of it workforce, and the severance payout is not included in its second-quarter and full-year outlook. (BOBBY YIP/REUTERS)

RIM also announced Monday morning that its chief operating officer, Don Morrison, will retire. Thorsten Heins will take on his duties as part of an expanded role of COO, product and sales. Jim Rowan will become COO, operations.

The layoffs come after a series of bad news events for RIM, which has seen its phone sales decline against Apple and Google and faced criticism over its co-CEO leadership structure.

But RIM is not the only company to see high-volume, high-profile layoffs recently. In March, Nokia announced that it would lay off 4,000 workers from its company. Only last week, Cisco announced that, as part of its restructuring plan, it would slash about 9 percent of its workforce — 6,500 jobs — in an effort to cut $1 billion from its budget as it faces competition from HP and Juniper Networks.

And last Tuesday, Lockheed Martin announced plans to trim about 6,500 jobs from its payrolls in a voluntary layoff program that will come before the company moves to involuntary cuts, The Washington Post reported.

Initial jobless claims rose across the country during the third week of July, turning a two-week trend that showed the claims fall. Layoffs rose to their highest levels in nine months in May, the Labor Department said. The current unemployment rate is 9.2 percent, and unemployment rates rose in 28 states and the District in June.

Hayley Tsukayama covers consumer technology for The Washington Post.
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