San Diego-based Overland announced this morning that it is cutting its employee workforce by 14 percent, in a restructuring of the firm. Overland has laid off 54 employees, as the company looks to return to profitability. The firm said that it expects to save approximately $5.5M annually from the reductions, and will spend $735,000 on severance. Among an executive shuffle, the firm said its VP of Worldwide Marketing, Christine Huff, will be leaving the company.
Top NewsFriday, April 20, 2007
Overland Cuts Staff, Executives