Competition in the wireless market continues to push some of the smaller players. Smartphone maker Research In Motion has announced plans to cut 2,000 jobs and move around some executives, according to Bloomberg.
The cuts would reduce RIM’s workforce by around 10 percent, bringing the company from down to 17,000 employees. The company explained that it intends to shift focus to areas with the most potential for growth as its BlackBerry loses market share both in the U.S. and abroad.
“It’s common for companies, once they run into a glitch, to look at the organization and determine what functions are duplicated or no longer strategic,” Jack Gold, founder of J. Gold Associates, told VentureBeat. “It should let them run a leaner ship and hopefully allow them to get products to market quicker with fewer groups and layers of management to get in the way.”
The “glitch” was a recent report that the company could see reduced revenue for the first time since 2002.