Digeo Cuts Staff, Products

Digeo streamlines retail product strategy, builds new corporate structure

January 16, 2008

1 Min Read

KIRKLAND, Wash. -- Digeo, Inc., makers of the Emmy® Award-winning Moxi® digital media recorder (DMR), today announced that the company will focus its product development on fewer platforms while eliminating some previously announced retail products. As a result, the company will reduce its workforce by nearly one-half, mainly in positions that are not critical to development of the new products.

Mike Fidler, the company’s CEO, will help to implement the new strategy to insure a smooth transition. As part of the transition, Greg Gudorf, current President and COO of the company, will assume the CEO role. The two have worked closely as an executive leadership team at Digeo since late 2005.

“With our revised product strategy, it made sense to realign our leadership team as well,” stated Fidler. “I remain very enthusiastic about Digeo’s mission, its Moxi products, our partnerships and Greg’s leadership capabilities. While the new strategy is absolutely the right thing to do for Digeo’s business, Greg and I both profoundly regret the personal consequences of this action for our employees who will be affected.”

Digeo Inc.

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