Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Toshiba and SK Hynix Reach Settlement in Lawsuit Ahead Of CES
Google Concerned About MPAA's Actions To Revive SOPA
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > PC Parts > OCZ to ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 01, 2012
OCZ to Cut Workforce, Discontinue Products


OCZ Technology is trying to make it sbusiness more efficient by discontinuing 150 product variations and cutting a 20% of its workforce.

"We are undergoing a transition phase in the Company's evolution in which we are refocusing our efforts on products and strategies that will benefit both OCZ and our stakeholders over the long term," said Ralph Schmitt, CEO of OCZ Technology. "We have already taken aggressive steps to address some short-term tactical challenges and have begun streamlining the organization to help ensure that OCZ will be in the best position moving forward to address the fast growing consumer and enterprise SSD markets."

As part of the company's transformation, it has taken initial steps to make its business more efficient and profitable by initiating the EOL (End-of-life) procedures to discontinue approximately 150 product variations, including reducing the value category by approximately 80 percent. This streamlines OCZ's product offerings to address the mainstream and higher-end consumer products, as well as enterprise and OEM solutions. The company has also evaluated its inventory and is in the process of making the necessary adjustments, including monetizing some inventory to better align its product offerings and to free-up cash for the business. Excluding production personnel, the company has reduced its global workforce by approximately 28 percent. Total personnel at the Taiwan production facility, including outside contractors, has been reduced by approximately 32 percent. OCZ plans to take further actions aimed at reducing overall costs and improving operating results.

OCZ is working diligently and is making progress with regards to its on-going investigation meant to aid in the filing of its second fiscal quarter Form 10-Q. Closure on these items has taken longer than originally expected.

The company's business operations continue as usual, delivering solid state drive products to both the client and enterprise markets. OCZ also continues to invest in R&D to drive differentiated solutions with its own controllers, firmware and enterprise software.


Previous
Next
Court Orders Apple To Amend Anti-Samsung Online Statement        All News        Microsoft and DOCOMO to Promote Windows 8 Tablets In japan
iPad mini Has A Samsung Display After All     PC Parts News      Data Storage Institute Launches 5mm Hybrid Hard Disk Drive

Get RSS feed Easy Print E-Mail this Message

Related News
OCZ Introduces New Saber 1000 Series SATA SSDs For Enterprises
New OCZ Vertex 460A Comes Armed With 19nm NAND
OCZ Releases The More Affordable ARC 100 SSD Series
OCZ Storage Solutions Launches New ZD-XL SQL Accelerator
OCZ Vector 180 SSD Appears At Computex
OCZ Storage Solutions Unveils Latest Vector SSD at Computex 2014
OCZ and Panorama Software To Offer Real-time Big Data Analytics
OCZ Launches the RevoDrive 350 PCIe SSD
OCZ Storage Solutions Addresses Big Data at CeBIT 2014
OCZ Launches New Z-Drive 4500 PCIe SSD Series with Windows Accelerator Software
FirePower Buys Power Supply Assets of OCZ
OCZ To Sell Its PSU Business, Will Honor Warranties To Latest SSDs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .