Calgary's Smart Technologies Will Lay Off 25% of Staff Next Year

by Techvibes NewsDesk

Calgary-based Smart Technologies this week revealed a corporate restructuring plan that will "sharpen focus on each of its target markets in Education and Enterprise while simultaneously streamlining its corporate support functions." The plan also includes laying off 25% of staff.

Smart believes it will save up to $40 miillion annually once the restructure is fully implemented next year. Some of those savings will come from the employees it will lay off between now and March 31, 2013.

"Today's announcement marks a significant change in Smart's operating model and has been designed to improve the customer experience and provide a more efficient and robust platform to build upon. The new structure will accelerate innovation and enable a more effective go to market strategy for our Education and Enterprise customers," stated Neil Gaydon, CEO of Smart. "The markets Smart operates in remain challenging, and establishing the right operating platform is critical to successfully executing our strategy."

30 employees of the company were given notice this morning, marking the first wave of layoffs.

SMART Technologies Inc.
Calgary, Alberta, Canada

SMART's family of products facilitate the collaboration process, whether a group is in the same room or located around the world. All SMART solutions are designed to be very easy to use and the product line has a variety of configurations to suit a range of customer needs. The SMART Board and Rear Projection SMART Board are interactive whiteboards that allow instructors, trainers and meeting... more

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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