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Those “cost optimization” plans promised by Research in Motion (NSDQ: RIMM) last month have kicked into gear. The company will lay off 10 percent of its global workforce — roughly 2,000 — with notices started in Canada, the U.S. and some other countries this week, and reorganize some of the deck chairs at the senior level.
The release manages not to mention either of the two architects of the current situation: Co-CEOs Jim Balsillie and Mike Lazaridis. The two did make a cameo appearance in the separate announcement that COO Don Morrission, currently on medical leave, is retiring after a decade with the company.
But the company already has two other COOs with specific areas of responsibility. Thorsten Heins will expand his product portfolio to COO, Product and Sales with “all product engineering functions.” Consolidating hardware and software engineering under Heins, “is expected to both produce greater efficiencies and help to accelerate new product introductions in the future.”
His counterpart Jim Rowan gets the expanded role of COO, Operations, adding personnel and facilities to his current role in charge of manufacturing, global supply chain and repair services.
Patrick Spence moves to Managing Director, Global Sales and Regional Marketing, reporting to Heins. Part of his remit to speed up translating RIM’s global efforts to local markets.
Shares were trading down 1.18 percent to $27.58 in pre-market action Monday. So far this year, the company’s stock price has lost over half its value.