Waterloo-based Research In Motion is a profitable company, has millions of subscribers, but have taken a beating over the past year. Today, before the company announces their year-end & Q4 fiscal 2012 results, a simple tweet by Globe writer Iain Marlow that could be very telling.
The last 3 months saw co-CEO’s Mike Lazaridis and Jim Balsillie decided to take a step back in leadership, their stock price continued to fall and is now sitting at $13.75/share, and they announced that at the upcoming BlackBerry 10 OS will be showcased at BlackBerry World in May, but under the new leadership of CEO Thorsten Heins there reportedly a number of job cuts happening. According to Marlow’s source the cuts are coming from the SVP and VP levels, sales and marketing. There’s no current confirmed number on the cuts, but apparently it’s “Lots of high level people within RIM were let go today… Quite a few. Big shake up.”
Hopefully for the rebirth of RIM it’s not true. More will be revealed when RIM declares the results in 45 minutes.
Update: Ruh-oh. RIM has halted their stock from being traded. The reason given was “Pending News”.