Palm director of product communications Jim Christensen said the job losses were a small percentage of its workforce. He declined to be any more specific.
He also seemed to suggest the cuts were not related to private-equity company Elevation Partners taking a 25% stake in the company earlier this month. We are implementing this restructuring that has actually been in the works for a while before the recapitalization deal was announced, Christensen said. This is just part of how palm continually evaluates its workforce, he said.
The company’s restructuring includes flattening some of the organizational hierarchy, as well as some realignment, according to Christensen.
It really not about cost-cutting, he said. It’s about restructuring or reorganizing the team to increase the direct project accountability. When pressed, he said the restructuring reflected Palm’s objective to align our human resources to our fiscal business strategy.
