• CNN Money, Monday, July 25, 2011 12:29 PM

Unlikely to help it retain mobile market share, Research In Motion on Monday said it planned to cut over 10% of its workforce, or more than 2,000 jobs. Increasingly losing ground to rivals like Apple and Google, the BlackBerry maker previously announced broad cost-cutting measures. "The company also announced new responsibilities for its top management 'to create greater alignment of the organization," CNNMoney.com reports.

"The most major change was the retirement of chief operating officer Don Morrison, who left the company after having been on medical leave." Morrison has been replace by Thorsten Heins. The move follows an enlivened defense of the company and its dual-CEO model last month by its co-CEOs Jim Balsillie and Mike Laziridis.

Once the leader of the smartphone market in North America, RIM has more recently seen sales wane as other device makers have introduced devices with broader appeal. Adds CNNMoney: "The latest, greatest BlackBerry smartphone, the Torch, is nearly a year old -- an eon in the fast-paced mobile device market."

Read the whole story at CNN Money »