Research in Motion is going to cut 10% of its workforce in an attempt to streamline operations and reduce costs. It is believed that the cuts will save the company between $20 and $25 million annually.

RIM has been very active lately with the recent launch of several new handhelds, many of which have been optimized to work with next generation networks. The company has also signed several new licensees in recent weeks including Handspring, PalmSource, and Nokia.