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    Waterloo Mayor optimistic despite news of RIM cuts

    Thu, 06/28/2012 - 19:56 EDT - theglobeandmail.com
    • RDF10

    Councilor says city is on pause, while Mayor Brenda Halloran is “confident in RIM’s continued success”

    • Original article
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    • If BlackBerry 10 is a hit, a lot of credit will go to RIM’s founders

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    • RIM cutting 2,000 jobs, COO retiring

      BlackBerry maker Research In Motion (RIM) announced Monday it was cutting 2,000 jobs and that its ailing chief operating officer planned to retire.RIM, which is facing increased competition from Apple's iPhone and mobile phones running Google's Android software, revealed plans last month to slash jobs this quarter in a bid to "streamline operations."The job cuts announced Monday amount to just over 10 percent of the global workforce of the Waterloo, Ontario-based company.

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