RIM AXES 2,000 JOBS; CHANGES MANAGERS TO HALT DECLINE

Just a month after a disgruntled employee accused RIM's managers of failing to make bold decisions, the latter have responded by boldly sacking 11 percent of their workforce. The company says it will notify affected employees in North America and some other countries this week. It also announced a number of changes to its executive team, with Thorsten Heins taking on the expanded role of COO, Product and Sales. Other personnel changes were generally confined to sales, marketing and operations, which leaves us wondering what, if anything, will change in the way RIM comes up with new products.

CISCO TO CUT UP TO 10,000 EMPLOYEES

Cisco could cut as many as 10,000 jobs — 14% of the company’s employees — in an effort to boost profits, Bloomberg reported on Tuesday. 3,000 Cisco employees accepted buyouts and early retirement packages, which will cost Cisco between $500 million and $1.1 billion during the fourth quarter. While the layoff plans aren’t final, 7,000 more jobs could be cut by the end of August. The move comes as analysts predict that Cisco’s router and switches business will continue to slide into next year, and the company believes the job cuts could save it as much as $1 billion during 2012. “We will provide additional detail on the cost reductions, including layoffs, on our next earnings call,” Cisco spokesperson Karen Tillman said. The call is scheduled for early August. On April 12th, Cisco announced that it was restructuring its consumer business and killing off its Flip video camera arm.

NOKIA CUTTING 4,000 JOBS, MOVING 3,000 MORE IN CONTINUED RESTRUCTURING

Finnish handset giant Nokia continues its restructuring in an effort to trim overhead and return to profitability. The BBC is reporting that the company will cut 4,000 jobs worldwide and jettison an additional 3,000 positions to Accenture — the consulting company set to manage the Symbian mobile operating system going forward. ”With this new focus, we also will face reductions in our workforce,” said Nokia’s CEO, Stephen Elop. ”This is a difficult reality, and we are working closely with our employees and partners to identify long-term re-employment programmes for the talented people of Nokia.” The proposed moves are scheduled to take place sometime in 2012.

NOKIA TO CUT 800 MORE JOBS

Nokia confirmed Tuesday that it plans to cut approximately 800 jobs in its home country of Finland. The newly confirmed work force reductions are in addition to the 1,800 jobs Nokia announced it would have to cut this past October. Nokia said it has concluded negotiations with employee representatives, and it will give affected workers between five and 15 months salary as severance. Nokia stated that the new round of layoffs will begin in January 2011, and it hopes some of the laid off employees will be relocated elsewhere in the company. [BGR]