
Rim has previously done cost cut measures in way of layoffs and also selling off of one of the company jets. The job cuts will leave RIM with around 10,000 employees globally, down from almost 20,000. RIM is hoping to achieve a $1 billion savings from the restructure cost cut measure, to act as a buffer for the reduced revenues. RIM recently revealed losing $518 million and the revenues had also gone down by a third to $2.8 billion. The company hopes to be on an upward turn with the unveiling of Blackberry 10 devices and OS early next year and believes that the new OS will bring back the glam that was Blackberry.

























