Morning Coffee Jun 21 2011

Bad News Mounting for Major Handset Maker's Employees

By joseph walker

Research In Motion has begun to thin its herd, with as many as 200 of its employees receiving termination notices according to reports coming out of Waterloo, Ontario, where the company's headquarters are located. No word yet on what job functions have been cut. RIM did not immediately answer calls for comment from FINS.

Meanwhile, another marketing executive, Brian Wallace, has voluntarily left the company to join rival handset manufacturer Samsung. Wallace was RIM's vice president of digital marketing and media. It's unclear what his new role at Samsung will entail. His departure follows the resignation of the chief marketing officer and another vice president early this year.

As if the company could bear more bad news, RIM learned yesterday that a third-party app developer for its BlackBerry will cease working on the platform, focusing its energies instead on Android, iOS, and Windows. That's a discouraging sign, as there have been whispers among the developer community that BlackBerry will receive less and less of their attention.

Wall Street has voiced its discontent as RIM stock was down 22%. Only three years ago, the company was worth $80 billion; today it's only valued at $14.4 billion, an 82% decrease. Once again, there is speculation about the company being acquired or split up. (Globe and Mail)



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http://www.sltrib.com/sltrib/money/52040064-79/expansion-flash-jobs-utah.html.csp



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List of the Day: Ways to Improve Your Resume

1. Get specific about your background and skills.

2. Include measurable results.

3. Focus on yourself, not your last company.

(Source: Glassdoor)

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