Friday says it is making some moves in its staffing to make its quarterly financial projections.
The Sunnyvale, Calif.-based company says Shellye Archambeau, Chief Marketing Officer and executive VP of Sales, will add Loudcloud Customer Solutions to her list of responsibilities.
Archambeau is expected to look at resources and actually hire sales executives as well as consolidate some functions in the overall group.
The company says Wade Chambers, General Manager of Engineering, will now lead its software engineering team. Chambers’ was previously responsible for myLoudcloud, Loudcloud Monitoring, Interactive Design, and the company’s Web site.
Chambers will now be overseeing all software projects, including the development of the next version of Loudcloud’s automation software, Opsware. The new organization will streamline development efforts and eliminate some positions.
Exactly how many positions will be terminated has yet to be seen.
Overall, Loudcloud’s plan is expected to align cost to revenue and reduce cash burn to $18-20 million by the second quarter of next year.
If everything goes as planned, the cash burn rate will drop so much the company might even report a cash flow breakeven point in 2003.
