Job losses looming at RIM

In the wake of all the bad news at RIM, more is coming soon. Rumor has it that another 300 jobs will be lost before August 31st, RIM’s quarter end. RIM needs to do this to save money it is losing hand over fist to it’s competitors.

These losses are really going to hit RIM hard as they are going to be hard pressed to get things done without enough people to do it!

Apple and Google must be laughing all the way to the bank at this point. I really don’t see anything new from RIM being of any significance in the smart phone war at this point. I really hope RIM survives, but I really think they won’t unless they are bought out.