Tech Talk Business: RIM Downsizes With Layoff’s!!!!
About 2000 to be exact(or 10% of their workforce), they are calling it a time of optimization, as they also ‘Reorganizing’ several top management positions(maybe a certain letter writer too)
But hit the jump to see their statement!!
Tat WZA
“The workforce reduction is believed to be a prudent and necessary step for the long term success of the company and it follows an extended period of rapid growth within the company whereby the workforce had nearly quadrupled in the last five years alone,†the company said in a statement.
Press Release:
Research In Motion Provides Management Update and Details On Cost Optimization Program
Waterloo, ON – Research In Motion Limited (RIM) (NASDAQ: RIMM; TSX: RIM) today provided an update on changes in responsibilities amongst the company’s senior management team, as well as additional details about the cost optimization program announced on June 16th. The changes described below are intended to create greater alignment of the organization and to streamline RIM’s operations in order to better position the company for future growth and profitability.
Senior Management Update
Thorsten Heins is taking on the expanded role of COO, Product and Sales. All product engineering functions, including both hardware and software teams, are being consolidated under Thorsten’s direction. This consolidation of product engineering functions is expected to both produce greater efficiencies and help to accelerate new product introductions in the future.
After more than ten years of success overseeing sales and country operations for RIM in various regions including North America, Asia Pacific and EMEA most recently, Patrick Spence is taking on the role of Managing Director, Global Sales and Regional Marketing. Patrick will report to Thorsten Heins and will work with Thorsten to tightly couple the execution of product development and regional business operations around the world, enable faster local execution tailored to local market needs and support the needs of RIM’s valued operator and distribution partners.
Robin Bienfait is maintaining her responsibilities as CIO, including BlackBerry Operations, Customer Service and Corporate IT functions, and also taking on responsibility for the Enterprise Business Unit focused on delivering outstanding customer service and extending RIM’s leadership in the enterprise sector.
David Yach, in his role as CTO, Software, will focus on current and future software platforms, as well as the surrounding developer and application ecosystem.
Jim Rowan is taking on the expanded role of COO, Operations and will continue to be responsible for manufacturing, global supply chain and repair services. As part of the streamlining effort and drive towards greater operational efficiencies, he will also now oversee the Organizational Development and Facilities Management functions.
Brian Bidulka, RIM’s CFO, is working together with Jim Rowan in overseeing the Cost Optimization Program which is currently underway.
Cost Optimization Program
In addition to the management changes outlined above, RIM today provided further details on its cost optimization program, which is focused on eliminating redundancies and reallocating resources to focus on areas that offer the highest growth opportunities and alignment with RIM’s strategic objectives. The workforce reduction is believed to be a prudent and necessary step for the long term success of the company and it follows an extended period of rapid growth within the company whereby the workforce had nearly quadrupled in the last five years alone.
As part of this broad effort, RIM is reducing its global workforce across all functions by approximately 2,000 employees. RIM intends to notify impacted employees in North America and certain other countries this week. The remainder of the global workforce reductions will occur at a later date subject to local laws and regulations. All impacted employees will receive severance packages and outplacement support.
The size of this workforce reduction is in line with the preliminary estimate that was factored into RIM’s full year financial guidance on June 16, 2011. Following the completion of the workforce reduction, RIM’s global workforce is expected to be approximately 17,000 people. Additional information about the financial impact of this workforce reduction and other operating expense reductions will be communicated when the company reports Q2 results on September 15, 2011. As explained on June 16, 2011, any one-time charges associated with the cost optimization program are not included in RIM’s Q2 and full year outlook, but will be identified and disclosed on September 15, 2011.
THE BLOG
HOT 97
LINKS
MUSIC
Bobby Konders Presents: Massive B Legacy, Vol. 1
Release Date: November 19th, 2018 Bobby Konders Presents: Massive B Legacy – Volume 1 is now available and includes ten features on ten tracks. Burro Banton, Vybez Kartel, Bounty Killa, Sizzla, T.O.K., Elephantman, Richie Spice, Chezidek, Chronicle, and King Kong. You can listen on Apple Music, Spotify, and Tidal.
#MusicStillMatters New Music: A Boogie – Nice For What
A boogie gave fans a snippet of this one via his instagram. Finally after all the request to drop the full version from fans – here it is. Check A Boogie’s version of “Nice For What.” Listen below.
#MusicStillMatters New Music: Dave East – Imagine
Dave East is set to release the 2nd installment of his “Karma” series, next week on July 27. Check out this new one off the tape called “Imagine.” Listen below.
#MusicStillMatters New Music: 070 Shake – Accusations
The G.O.O.D. Music rookie 070 Shake releases a new one called “Accusations.” Listen below.
(Video) Tony James – Sweat Slow
Toronto’s very own Tony James has released his major label debut single and visual for “Sweat Slow.” Tony says this one “Is about the one that got away, so we wanted to show the beautiful, happy women representing the ex-girlfriends of the men who took them for granted.” Look out for more from Tony this…
#MusicStillMatters New Music: Childish Gambino – Summertime Magic / Feels Like Summer
Childish Gambino aka Donald Glover follows up his video/song “This Is America” with not only one, but two records for the summer. The “Atlanta” creator tweeted “summer pack,” with a link to his songs, “Summertime Magic” and “Feels Like Summer.”
#MusicStillMatters Stream: Meek Mill – Legends Of The Summer
Meek Mill decided to treat his fans to new music when he dropped a new EP called “Legends of the Summer.” the 4-track tape features Swizz Beatz, Jeremih and PNB Rock. Stream below.
#MusicStillMatters Stream: Future – Beast Mode 2
Future links up with Zaytoven for the follow up to 2015’s “Beast Mode” titled “Beast Mode 2” which includes 9 tracks with a feature from Young Scooter. Listen below.
#MusicStillMatters New Music: T-Pain – Boo’d Up (Remix)
First it was Nicki Minaj and Quavo who put their touch on the track to mixed reviews. Then Fabolous laid his verse on the hit single. Now, T-Pain decided to give his take on the track. Listen below.
TECH TALK
We Know What YG’s Next Purchase Will Be: This ALL RED Special Edition iPhone!
An all red iPhone is on the way – I’m sure much to the delight of the Bloods. LOL! A special edition red version of the iPhone 7 and 7 Plus have been introduced, in celebration of the 10-year anniversary of Apple’s partnership with HIV/AIDS organization, (Red).
(Video) Apple Unveils New Spaceship Campus Called “Apple Park”
One of Steve Jobs projects he left behind before his untimely death from pancreatic cancer, was the Apple spaceship campus. Take a look.
(Video) Lil Wayne Featured In EA’s ‘Need For Speed: No Limits’ Game
While we still have no Carter 5 in sight, we can at least get SOMETHING from Lil Wayne in the form of EA’s new mobile game, Need For Speed: No Limits. Players can drive as Weezy in the game, and both his voice and likeness are there for fans to enjoy. Tune is also working…
Sprint Purchases 33% Stake In Jay-Z’s Tidal
Power moves on power moves on top of power moves. Hov just struck a big deal for Tidal and the artists who have stake in the company as well, through Sprint.
(Video) Travis Scott Previews New Heat On Snapchat
Looks like Travis Scott is cooking something up…Astroworld this year?
Azealia Banks Has Been Banned From Facebook
AzealiaBanksVEVO Well, that took longer than expected.
(Video + Photo) Ariana Grande Got Her Own Character In “Final Fantasy: Brave Exvius” Game
Soon you’ll be able to play as Ariana in Final Fantasy and she broke the news to her fans yesterday.
SoundCloud Makes A Major Update That MANY People Will Be Happy About!
When SoundCloud first came out, it quickly became a hub for DJs, uploading their mixes and gaining a decent following because of it. However, as labels became more hip to the new site, they began issuing copyright infringements left to right, and DJs began leaving the streaming website in droves – especially because their accounts…
MARISA EXPLAINS IT ALL
Marisa Mendez x Jamal x Tunisia – Marisa Explains It All [Episode 16: “Holiday Hangover”]
We’ve made it to episode 16 of my podcast, Marisa Explains It All, and I finally decided to share it with you guys here. LOL! On this episode, we pre-gamed before the Ebro In The Morning holiday party…and uh, yeah. Drunk talk and feelings were at an all time high. Our music picks are as…
Behind The Lyrics: Lil Wayne Admits To Botched Suicide Attempt As A Child On “London Roads”
Lil Wayne has long recounted a story of “accidentally” shooting himself when he was 12, playing with a 9 mm handgun. Thankfully, an off-duty cop was around to help young Tune, and he survived to become the rap star he is today. Apparently, that wasn’t the whole story, though! On “London Roads”, a song from…
(Video) Machine Gun Kelly Finally Opens Up About Amber Rose
Machine Gun Kelly is one of my favorite artists and has been a good friend of mine for years now, so it was double the blessing to make my Hot 97 interview debut with him on Ebro In The Morning today! The Bad Boy rapper stopped by to discuss his new single and its powerful…
Behind The Lyrics: Wiz Khalifa Comes For Amber’s Neck On “For Everybody”
Last night, Juicy J dropped his Wiz Khalifa-assisted single “For Everybody,” and boy did Wiz have some choice words for his ex Amber Rose on the track! And to drive the point home, they included a photo of themselves at his wedding to Amber as the song’s artwork.
(Video) Honey Cocaine Plays A Hilarious Game Of Taboo
Toronto-bred raptress Honey Cocaine made her rounds at Hot 97 a few weeks back, promoting her latest mixtape Like A Drug, and its 2 singles, “Gwola” featuring Kid Ink and Maino, and “None Of My Business” with Kirko Bangz and Constantine. Following her dope interview with Jen From BK for Jen’s “Ladies First” segment, I…
Interview: Machine Gun Kelly On Debut Film: “I hope that it kind of strikes a social issue…” [PLUS Details On Sophomore Album!]
This Friday, Colson ‘MGK‘ Baker will make his big-screen debut, starring as Kid Culprit in the romantic drama, Beyond The Lights. Since his 2012 Bad Boy/Interscope debut Lace Up and his breakout single “Wild Boy,” Kells has toured the world and shot not only Beyond The Lights, but two more as-of-yet unreleased films as well.…
Elijah Blake Gives 7 Tips How NOT To Act Around A Celeb, Plus Talks New EP, His First Big Check & More!
Singer/songwriter Elijah Blake has worked with a majority of the biggest names in the music business from Rihanna, Justin Bieber, Usher, Mary J and more, either having written for them or being featured on their songs. Now with his recently released Drift EP (available on iTunes here,) the talented Def Jam signee sat down to…
IFWT Exclusive: Maino Gives Us The REAL Story Of What Happened With The Porn Star!
Maino is currently being sought out by the NYPD for questioning, after an adult film star accused him of assaulting her inside of his truck after they partied at Griffin on Monday night with Drake, Ashanti, JR Smith and more. According to the police report filed by the porn star, Mellanie Monroe, “he started punching…
Mila J Reveals The Real Deal Between Her & A Rumored Beau, Plus Talks New EP, Diet/Workout, Her Mains & More!
Gorgeous singer/songwriter/dancer Mila J finally released her debut EP M.I.L.A. (Made In L.A.) yesterday, after years of trying out girl groups, various solo ventures, random day jobs and the like. She’s finally found her niche now though, and has seen success with her latest singles, “Smoke, Drink, Break-Up” and the Ty Dolla $ign-assisted, “My Main.”…