Blackberry maker RIM lays off 5,000 employees

10:48 AM, Jun 29, 2012   |    comments
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(CNN) - The makers of the Blackberry seem to be struggling for a piece of the smart phone pie.

Announcing a layoff of 5,000 employees, Research in Motion, the company that makes the BlackBerry, is taking cost-cutting measures.

In addition to the reduction in force, the CEO says the BlackBerry 10 operating system rollout has been delayed until next year.

The company reported a first-quarter loss of $518 million.

CNN