Just because shareholders overwhelmingly approved the renaming of Research In Motion to BlackBerry does not mean that they are happy with the company’s performance. BlackBerry CEO Thorsten Heins tried to calm fears at the company’s annual general meeting, saying that “We’re driving night and day to deliver improvements.” The Wall Street Journal has learned that more restructuring is on its […]
Company restructuring
Lenovo to split into Lenovo and Think business units
According to a leaked internal email, Lenovo is planning to split itself into two different business units later this year. The first group will retain the Lenovo name and will focus on mid- and low-range products while the second one, named Think, will focus on high-end products. The email from CEO Yang Yuanqing explains that the Lenovo name still does […]
HP creates new Mobility division to focus on consumer tablets
It appears that quite a few changes are taking place at Hewlett-Packard these days. First it was the spin-off of its webOS business unit into a new company called GRAM. According to a leaked memo penned by Todd Bradley, HP’s Executive Vice President, Printing and Personal Systems Group, it is creating a new consumer mobility division. The new group, called […]
Google to cut 4,000 Motorola jobs and focus on fewer devices
With its acquisition of Motorola having closed in May, Google is now beginning to its stamp on its acquisition’s future. According to The New York Times, Motorola will lay off about 20% of its workforce, about 4,000 employees, and close about a third of its offices worldwide. One third of the job losses will come from the US but it […]
Rumours of Microsoft-RIM partnership resurface
Research In Motion’s dismal quarter has reignited past rumours that the company could sell off a portion of its assets or partner up with someone else to survive. Citing “three sources familiar with the situation,” Reuters is reporting that RIM could form a partnership with Microsoft similar to the one that the latter has with Nokia. Microsoft CEO Steve Ballmer […]
Rumour: RIM considering split into two companies (Updated)
In a bid to turn its fortunes around, Research In Motion could split off or even sell of its struggling handset division. The company would hang on its messaging and data network services (including BBM and BIS) and license them to others. According to The Sunday Times, this is one of the options currently on the table as RIM works […]
Nokia announces leadership changes and job cuts
Nokia today announced a number of changes “aimed at sharpening its strategy, improving its operating model and returning the company to profitable growth.” Among the changes are the cut of 10,000 jobs globally by the end of 2013, changes to the leadership team, corporate realignments, and consolidation of manufacturing operations. “We are increasing our focus on the products and services […]
RIM announces 2,000 job cuts and management changes
Research In Motion this morning announced that it is reducing its global workforce across all functions by approximately 2,000 employees. Most affected staff, in North America and other parts of the world, should find out this week. RIM’s cost optimization program is “focused on eliminating redundancies and reallocating resources to focus on areas that offer the highest growth opportunities and […]