Feeds

BlackBerry rival Visto pushes job cuts

A third of London office gets the chop

5 things you didn’t know about cloud backup

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. ®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
EE plonks 4G in UK Prime Minister's backyard
OK, his constituency. Brace yourself for EXTRA #selfies
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?