Netpliance Halves Staff as Executives Resign

Share this article:
Netpliance Inc., a provider of infrastructure products for voice, video and data applications, is cutting its staff by 76 employees -- about 54 percent of its work force, the firm said Friday.


The company also said three of its executives resigned. Co-founders Kent A. Savage and Kenneth A. Kalinoski, as well as Valerie Walden, vice president and general manager, resigned to "pursue other opportunities," according to a statement.


Savage's resignation takes effect March 15. He will remain on the company's board of directors.


The company did not announce when the other two resignations would take effect.


Netpliance, Austin, TX, which eliminated 93 positions in November, expects to save $6 million in yearly operating expenses as a result of the cuts.


The company said approximately 50 employees will remain after the layoffs.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

How Amazon Ads Might Change the Game

How Amazon Ads Might Change the Game

Will the Great Recommender introduce "pretargeting" to the menu? Is it destined to become the King of Conversion? Or will its ad business simply settle in between Google's and Facebook's?

Less Than Half of Marketers Say the C-Suite "Gets" Digital

Less Than Half of Marketers Say the C-Suite ...

The long road to digital marketing leadership starts with organizational alignment, a study finds.

Candidates Hook Into Twitter

Candidates Hook Into Twitter

A digital agency for politicians puts the power of presidential electioneering into the hands of Congressional campaigns.