NewsForge: Ockman: Staff cuts make Penguin Computing profitable

“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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