Feeds

Transmeta declares war on employment

Former CEO Ditzel dissed

Security for virtualized datacentres

Transmeta continues to "streamline" the business, dropping approximately 10,439 pounds of employee.

The chip IP licensing house removed 55 workers Saturday — primarily engineers and those in the company's production support operations. Four management positions were also shaved, consisting of the VP of operations and the VP of VLSI development. Also curbed was VP of human resources and a Transmeta founder and former CEO, David Ditzel (CTO).

It's amazing that Ditzel hung on for so long and even more amazing that the company would can him after such loyal service.

Transmeta now consists of approximately 65 oh-so-nervous employees.

The Register reported in February that in addition to 75 staff removed that month, the company planned to cut an additional 25 to 55 jobs over the following two quarters depending on the status of their relationship with Microsoft went.

With 55 already gone this month, hint: not the best.

Transmeta's fourth quarter '06 report cites disappointments in the marketplace as a major cause of corporate weight-loss. Although the company was able to sign Toshiba into their LongRun2 processor power-saving tech, there were no more takers that year. In addition, Sony has scaled back its demand for engineering services from the company.

Woe also came from lackluster sales in Efficeon microprocessors for Microsoft FlexGo computers. FlexGo PCs are targeted at developing countries as a pay-as-you-go box, much like a pre-paid cellphone. Customers shell-out about half the cost of the computer upfront and must purchase pre-paid cards to get hourly access to their home computer. When the card runs out, the computer stops working until the user buys another card.

Not a huge hit.

Transmeta plans even more axing this year. Lizzie Borden looks on enviously.

"To further streamline our operations under our current business model, we expect to reduce our headcount by 15 to 20 percent during the second quarter of 2007," said Transmeta president Les Crudele, "We believe these actions will result in a better financial position from which Transmeta can execute on its new business model."

At the final bell, Transmeta stock was down 19.3 per cent today. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.