Research in Motion announced that BlackBerry 10 is being pushed back to 2013. The company is planning to cut 5,000 jobs by the end of fiscal year 2013 as part of a comprehensive cost-saving and restructuring program to save RIM at least $1 billion.

“RIM’s development teams are relentlessly focused on ensuring the quality and reliability of the platform and I will not compromise the product by delivering it before it is ready,” said RIM CEO Thorsten Heins. “I am confident that the first BlackBerry 10 smartphones will provide a ground-breaking next generation smartphone user experience.”

“I am not satisfied with these results and continue to work aggressively with all areas of the organization and the board to implement meaningful changes to address the challenges, including a thoughtful realignment of resources and honing of focus within the company on areas that have the greatest opportunities,” Heins added.