Feeds

BlackBerry rival Visto pushes job cuts

A third of London office gets the chop

Internet Security Threat Report 2014

Visto, the Silicon Valley push email developer, told London staff on Thursday that about one third are for the chop, because financial backers are demanding a profit this year.

The London round of cuts is described by sources as "large scale", affecting senior IT staff, development, product services and pre-sales workers. A Visto US representative today confirmed "limited lay-offs" worldwide, but declined to talk numbers or locations.

Visto also has offices in Madrid, Milan and Paris.

Sources say the Redwood City-based firm is under big pressure to start bringing returns on the $300m-plus venture funding sunk over several rounds into the company, which was set up in 1996. The privately-held firm has announced its intention to IPO four times in four years.

"I guess our share options won't be worth much now either, huh," said one source. "We're all on the job hunt here - never seen so many job website pages open in one place before."

In recent years Visto has launched a series of patent litigations against RIM, Microsoft, Seven Networks, and Good Technology. ®

Business security measures using SSL

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
Apple Watch will CONQUER smartwatch world – analysts
After Applelocalypse, other wristputers will get stuck in
prev story

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.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.