Linked by Howard Fosdick on Wed 30th May 2012 06:46 UTC
PDAs, Cellphones, Wireless Struggling RIM will layoff up to 2,000 employees in an attempt to right itself while it pins its hopes on the Blackberry 10. Wireless industry analyst Peter Misek of Jefferies & Company opines: "We maintain that the only path for RIM is to partner with someone, to be acquired, or to turn themselves into a software company, and I think that path with become very clear to the management team by the end of the year."
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Hmm - decisions, decisions
by JLF65 on Wed 30th May 2012 17:16 UTC
JLF65
Member since:
2005-07-06

Fire 2000 employees, who do all the work, or fire ten executives, who don't do anything anyone can put a finger on... which to do...
;) ;)

Reply Score: 4

RE: Hmm - decisions, decisions
by zima on Wed 30th May 2012 19:38 in reply to "Hmm - decisions, decisions"
zima Member since:
2005-07-06

...implying that firing ten executives would bring the same savings as 2000 employees, hence the former are paid 200 times more?

Hm, no. Canada might also have this problem, but not quite to the levels of "leading" US: apparently ( http://en.wikipedia.org/wiki/Executive_pay#Canada ) the top 100 Canadian CEOs get paid 189x as much as an average Canadian - but of course not all executives at RIM are CEOs (even if RIM had a bit unusual situation with two CEOs ;) ), and typical RIM employee is certainly not society-average.

So we'd have to fire, I don't know, at least 50 of those at managerial positions? 100? 200?
(and while RIM clearly had some hiccups with its management and decision making processes ...I'm not sure if outright gutting them out would help much)

Reply Parent Score: 2