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NewsForge: Ockman: Staff cuts make Penguin Computing profitable

Oct 19, 2001, 06:08 (4 Talkback[s])
(Other stories by Grant Gross)
"Penguin Computing founder Sam Ockman has retaken the reins as the Linux hardware and services company's CEO, and has cut about a third of the staff in a reorganization he says has moved the company onto the profitable side of the ledger.

Ockman, speaking to NewsForge late Thursday, said CEO Martin Seyer, who'd been with the company about 10 months, was let go, as were the company's vice presidents for operations and engineering. Ockman, who was the company's chairman and CTO, has moved back into the CEO position he occupied for two years after founding Penguin Computing, and some of the executive layoffs happened because he wanted to replace Seyer's team with his own, he said.

"It's just like any executive, you have your own team of people you've worked with before," said Ockman. Reports of several executives walking out after Seyer was fired are untrue, he said, although one person resigned."

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