TiVo’s new CEO has hit the ground running… with a buzzsaw. In a move aligned with today’s quarterly earnings call, 50 employees and additional contract staff have been laid off to likely reassure investors that the company remains on the path to profitability, despite what I assume to be stagnant retail sales and patent setbacks, by clearing several million dollars from the expense column.
Signaling a greater emphasis on MVPD partnerships and a reduced focus on its retail strategy, TiVo is pushing ahead on a restructuring and reorganization
On the other hand, an anonymous source has characterized this as the unloading of dead weight for a leaner operation rather than a wholesale shift in strategy and abandonment of retail. Indeed, Mutilchannel goes on to indicate that TiVo continues to crank away on consumer offerings, with a new non-DVR product headed to market later this year.