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Thu 26 Apr 2007 11:31 AM

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Overland Storage makes job cuts

Disk and tape storage vendor Overland Storage is axing 14% of its global workforce in an effort to reduce costs.

Disk and tape storage vendor Overland Storage is axing 14% of its global workforce in an effort to reduce costs.

The US-based company announced last week it is to cut 54 employees, with reductions being made across all functions of the company, including some consolidation and flattening of its organisational structure.

The company said it planned to save around US$5.5million per year as a result of the measures.

In addition to the job cuts, Overland is also shaking up its executive team. Vice president and chief strategy officer Michael Kerman will take over the responsibilities of Christie Huff as worldwide marketing and product management; Huff will leave the company on April 30.

Also, Robert Farkaly, senior director of product management has been promoted to vice president of worldwide sales, while Philippe Cazaubon, former vice president of worldwide sales, is returning to the role of vice president of Asia Pacific sales.

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