{"id":13942,"date":"2012-05-29T13:49:16","date_gmt":"2012-05-29T11:49:16","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=13942"},"modified":"2012-05-29T16:57:14","modified_gmt":"2012-05-29T14:57:14","slug":"rim-will-benefit-from-job-cuts-research-firm","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/13942\/rim-will-benefit-from-job-cuts-research-firm\/","title":{"rendered":"RIM will benefit from job cuts: research firm"},"content":{"rendered":"<p>Additional job cuts at <a title=\"Research In Motion Ltd\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1750-RIM-Research-In-Motion\">Research In Motion Ltd<\/a> would be prudent as the <a title=\"Blackberry\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1752-BlackBerry\">BlackBerry<\/a> maker tries to improve its free cashflow ahead of the planned launch of its next-generation phones later this year, Macquarie Equities Research said.<\/p>\n<p>RIM, which employs about 16,500 people, plans to bring its workforce closer to 10,000 by early next year, two sources told Reuters.<\/p>\n<p>&#8220;We support further cost realignment in the face of falling revenue and margins,&#8221; Macquarie analyst Kevin Smithen said in a note to clients.<\/p>\n<p>Macquarie cut its price target on RIM&#8217;s U.S.-listed shares to $14.50 from $17.50. They had closed at $11.00 on Friday on the <a title=\"Nasdaq\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1875-Nasdaq\">Nasdaq<\/a>.<\/p>\n<p>The Canadian smartphone maker is planning to launch its next-generation BlackBerry 10 phones later this year.<\/p>\n<p>Smithen said the May and August quarters will be &#8220;especially difficult&#8221; for RIM as emerging market carriers begin to embrace <a title=\"Apple Inc\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1648-Apple\">Apple Inc&#8217;s<\/a> iPhone and low-cost Android devices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Additional job cuts at Research In Motion Ltd would be prudent as the BlackBerry maker tries to improve its free cashflow ahead of the planned launch of its next-generation phones later this year, Macquarie Equities Research said.<\/p>\n","protected":false},"author":7,"featured_media":3083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,161,2949,1860,157],"class_list":["post-13942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-blackberry","tag-job-cuts","tag-layoffs","tag-rim"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=13942"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13942\/revisions"}],"predecessor-version":[{"id":13944,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13942\/revisions\/13944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/3083"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=13942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=13942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=13942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}