Blackberry device maker Research in Motion is cutting two-thousand jobs.
The company says it will slash more than ten percent of its workforce. The Canadian firm describes the move as a “prudent and necessary step.” BlackBerry has been struggling to hold on to its market share in the face of competition from devices including Apple’s iPhone and those using Google’s Android software. Workers will receive notice of the staff reductions this week. Shares of RIM dropped three percent on the Toronto Stock Exchange on the news.