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.