Employees Ebb at Tidepoint
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Tidepoint Corp. in Baltimore, which calls itself a Business Partner Infrastructure (BPI) service provider, reportedly has laid off about two-thirds of its workforce and will change its focus to emphasize the sale of pre-configured software.
TidePoint, which provides security systems and network infrastructure for e- commerce companies, laid off 65 of its 94 employees earlier this week, according to a report in the Washington Post. Company execs did not immediately return a call from internetnews.com.
The company, formed a year ago, reportedly plans to refocus on sales of pre-configured software, rather than its ASP model of charging monthly fees for services hosted on its computers
CEO Michael Shulman was quoted as saying the cuts were a reflection of the company's switch to a more direct sales model, including telemarketing.