BlackBerry 10 Delayed Until 2013

Haggard said:
Too many issues going on at once and now this, if they keep delaying they may never see the chance of releasing this.

BS

RIM has only begun losing money after years of profits. More than 2 billion in cash on hand they need to burn through. Many companies go through years of losses at different points and still stay around. The company is still adding subscribers.

Layoffs, restructuring are all part of reorganizing.
Public companies simply can't "give up" unless it's determined that it's in the shareholders best interest. All of that is being explored by the company.

Often when you reorganize something, it's more of a mess until its cleaned up in the end. The media is doing their typical best at overdramatizing it.
Phonescoop as always does a great job at keeping the bias out.
RIM has a lot of serious problems, but I always find it amusing at how many people actually believe all the doomsday scenarios that mainstream media is spewing out.