BlackBerry makers to cut 5000 jobs after dismal Q1

June 29, 2012 14:58

BlackBerry-maker Research in Motion has said it will cut around 5,000 jobs as part of a restructuring plan and also announced delay of the launch of its new phone operating system -- BlackBerry 10, until the first quarter of 2013.

The company which posted results for the latest quarter said restructuring efforts are underway that will include a workforce reduction of around 5,000 employees.

This is part of its efforts to realise over $1 billion in cost savings and is expected to be completed by the end of fiscal 2013, it said.

The Blackberry 10 smartphone was being deemed critical by experts for the struggling company's survival.

In a statement late last night, RIM said the integration of key features and the associated large volume of code into the platform has proven to be more time consuming than anticipated.

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