Research in Motion will cut 2,000 jobs to offset slowing sales of its once-iconic BlackBerry smartphones.
The Canadian company is seeing weaker demand for BlackBerry phones, amid increasing competition from Apple's iPhone and other rivals. It recently introduced a new Playbook tablet computer and is preparing to start selling a new version of its Bold phone.
"They need to find a way to make consumers get excited about RIM products," Evercore Partners analyst Alkesh Shah told Bloomberg News. "At this point they haven't gotten there."
RIM has quickly expanded a research facility in Cary during the past year. In April, the company disclosed that it employs about 200 people locally.
It isn't clear how many local jobs will be affected in the cuts.