Feeds

Overland feels overstaffed

Reducing 14 per cent of its workforce

Security for virtualized datacentres

Overland Storage is to eliminate 14 per cent of its workforce to reduce costs. The move, announced today, will see 54 jobs go in a re-org which includes other spending cuts still to be formulated. Reductions are being made across all functions of the San Diego-based data storage company.

Overland expects to save $5.5m per year as a result of the layoffs, but will take a charge of $735,000 related to severance costs during the fourth fiscal quarter ending June 30.

CEO of Overland Scott McClendon said the company had invested more in R&D in the last six quarters than any other time in the company's history.

"At this point, most of our investment in these new products is behind us, and they have either been launched or soon will be announced. It is now time for us to reduce our cost structure and concentrate on returning Overland to profitability."

The company is also playing musical chairs with its management team, with Christie Huff, global marketing veep, losing out in the reshuffle. She gets to spend some more time with her family from April 30.

The company will report its third fiscal quarter earnings on April 26. Overland expects to report revenue of approximately $37.5m. ®

New hybrid storage solutions

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.