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June 20, 2012 08:48 pm GMT

RIM Confirms Layoffs As They Rally Developers Around BlackBerry 10

rimoneyRumors and reports of layoffs at RIM have been swirling around for weeks now, and now the Waterloo company has confirmed what we all expected -- they're letting people go in an effort as part of their bid to save $1 billion by 2013.Unsurprisingly, RIM's stock has taken a tumble this morning -- at time of writing, their stock price has dipped nearly 5% from its position when market opened.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AwE2sRh-Epk/

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