OCZ Announces Reorganization Plan
OCZ has some tough times ahead, even more so after the CEO stepped down in September and the third quarter fiscal results were projected to be less than stellar. Now, OCZ has announced a reorganization plan that will see a reduction in its workforce and product lines. The smaller product line should be a good thing, as it means fewer similarly performing products within different price frames. Around 150 products are set to be discontinued, with "value category" cut down nearly 80%. More of a focus will be placed on mainstream and high-end parts, along with enterprise and OEM products. The workforce reduction, on the other hand, is not that good of a thing, as 28% of OCZ's workers worldwide will be let go. That percentage won't include production workers, but the Taiwan facility has seen a 32% reduction in total personnel.
What this means is a more focused OCZ with fewer low-end products, but one that is still "significantly" invested in research and development. New CEO Ralph Schmitt says the reorganization is to the benefit of OCZ and its shareholders as it will "help ensure that OCZ will be in the best position moving forward to address the fast growing consumer and enterprise SSD markets."