Sierra Wireless announces new organizational structure... reduces global workforce by 6 per cent

Sierra Wireless announcedyesterday that it is establishing three new business units - M2M Embedded Solutions, Mobile Computing, and Solutions & Services - to sharpen the company's focus on key markets and accelerate profit growth. Here is what Jason Cohenour, Sierra Wireless' president and CEO had to say about the company's announcement:

“With the integration of our M2M businesses complete, the time is right to launch a new organization that strengthens customer focus and enhances responsiveness in key markets. This business unit structure allows us to rapidly address different customer and product requirements in mobile computing, embedded M2M and M2M solution, and positions us to drive strong, sustained growth and improved profitability.”

Way down at the bottom of the release, Sierra Wireless mentioned that as part of the new business unit structure, the company has eliminated approximately 60 full-time positions (6 per cent of Sierra Wireless' global workforce) in the hopes of reducing operating expenses by roughly $1 million per quarter. The bulk of the layoffs are expected to be completed in the fourth quarter of 2010, but there was no indication of which corporate offices will be affected by the reduction.

Sierra Wireless also announced several executive changes as a result of the new organizational structure. For complete details, have a look at Sierra Wireless' release.

Sierra Wireless
Richmond, British Columbia, Canada

Sierra Wireless is building the Internet of Things with intelligent wireless solutions that empower organizations to innovate in the connected world. We offer the industry’s most comprehensive portfolio of 2G, 3G and 4G embedded modules and gateways, seamlessly integrated with our secure cloud and connectivity services. OEMs and enterprises worldwide trust our innovative solutions to get their... more

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Darren Anderson

Darren Anderson

Darren Anderson is an analyst at Branham Group Inc., a leading industry analyst and strategic consulting firm servicing the global information technology marketplace. Each year he coordinates the Branham300, an annual ranking of the top 300 Canadian technology companies, allowing him to keep tabs on the happenings within Canada’s Information and Communication Technology industry. Beyond his... more

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