TORONTO – Shares of Research In Motion are expected to be active today as investors react to the BlackBerry-maker’s earnings results and another delay to its new smartphones.

RIM also said it would lay off a third of its workforce, or about 5,000 employees to contain costs as it pushes ahead with a complete revamp of the BlackBerry operating system.

There is currently no word on how many of those cuts would be made here in the Region.

As for local reaction, Waterloo Mayor Brenda Halloran tells the Globe and Mail “I think we need to be supportive as Canadians.  I think every single Canadian should be buying Canadian technology. We need to remember they need our support and rally around them and continue to use their products.”

Halloran added, “I think the company’s doing the things they need to do to stay focused, and reorganize and restructure internally.  They’re still going to have close to 10,000 employees, which is not a small company.”

Cambridge MP Gary Goodyear made note of what RIM has meant to the ever evolving world of tech products.

“RIM has made an incredible contribution to the information and communication technology industry in Canada.”

Goodyear added “This is a business decision and my thoughts are with the affected workers and their families.”

The company is also delaying the launch of its BlackBerry 10 smartphone from late this year until the first quarter of next year.

RIM reports in U.S. dollars and posted a loss of $518 million (U.S.) or 0.99 cents per share for its latest quarter, steeply missing analyst expectations.

The results marked a decline from the profit of $695 million or $1.33 per share a year ago.