Research in Motion employees are well aware of its plans to cut 5,000 jobs as part of a plan to save $1 billion by the end of its fiscal 2013 year.
But when will the hammer fall on thousands of workers?
Next month, according to one report. Employees might be well advised to start sending out resumes immediately.
Citing sources, online magazine Cantech Letter wrote that up to 3,000 employees will receive their pink slips on Aug. 13.
Employees facing the deepest cuts are in customer service, human resources, marketing, non-enterprise sales and RIM’s Global Repair Services, the report said. Sources close to RIM told Cantech Letter that the company wants to complete the layoffs before the end of August.
RIM’s media relations team on Tuesday didn’t immediately respond to a request for comment on the report from Cantech Letter, which focuses coverage on Canadian listed stocks.
Waterloo, Ontario-based RIM last month posted a $518 million loss in its most recent quarter, warned of continuing challenges ahead and let down investors with the revelation that the release of the BB10 platform powering new wireless devices would be further delayed until next year.