Feeds

Lineo axes 22% of staff

Another 37% to be lost as non-core projects are sold off

  • alert
  • submit to reddit

Remote control for virtualized desktops

Embedded Linux specialist Lineo is getting rid of over half of its staff, through a mix of redundancies and reassignment to "peripheral" projects the company hopes to sell or spin off.

Sixty staff will be sent pink slips. Another hundred are left wondering when they will leave the company. Some 110 workers will be retained to work on Embedix and RTXC, Lineo's two core OS products.

"From its inception, Lineo's core business has been the development of embedded operating systems and tools,” said Lineo's chairman and CEO, Bryan Sparks. "In anticipation of a growth year for the technology market, Lineo spent the past 18 months adding peripheral services, stacks and solutions - even hardware solutions - to our offerings."

The anticipated market growth hasn't happened, and Lineo's left with projects that aren't central to its OS business. Time then, says Sparks, to put them aside.

With hi-tech stocks in general and Linux ones in particular in the doldrums, Lineo was unable to secure sufficient financing. A $20 million cash injection made last month by investors including Hitachi and Sun will keep the company going. ®

Remote control for virtualized desktops

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.