RIM to cut more than 10% of workforce as struggles continue

. Research In Motion will reportedly lay off at least 2,000 workers as the company struggles to regain its footing in a smartphone market dominated by just two vendors. RIM added two new executives earlier this month, chief marketing officer Frank Boulben and chief operating officer Kristian Tear, but the Waterloo, Ontario-based smartphone maker is now preparing to make more drastic moves in an effort to cut costs, The Globe and Mail reported. The restructuring may begin in the next two weeks according to the report, and more than 10% of RIM's global workforce of approximately 16,500 will be affected.

Boy Genius Report, RIM to cut more than 10% of workforce as struggles continue