Thursday, April 19, 2012

Rumor: RIM to announce major overhaul of its executive leadership

rim-torture
A report by The Globe and Mail suggests Thorsten Heins will layoff some of RIM’s executive leadership. Executives at the senior vice-president and vice-president levels are the positions targeted in a layoff that, if true, will shake up RIM’s top brass. Sales and marketing departments will bear the brunt of the bad news says Globe and Mail’s source.
We won’t have to wait too long to find out if this rumor pans out. RIM will announce its quarterly earnings when the market closes today, Thursday, March 29th. The earnings conference call will begin at 5PM ET and analysts expect RIM’s earnings to be poor.
[Via The Globe and Mail]