Tivo axes most of hardware team, shifting efforts to software

TiVo continues to focus on cloud-based initiatives and seems to be set to leave behind the hardware market.

Published Thu, Jan 23 2014 9:41 PM CST   |   Updated Tue, Nov 3 2020 12:19 PM CST

TiVo has laid off its hardware team as the company continues to transition into cloud-based streaming services, while the home entertainment industry continues to evolve. The company didn't officially say the hardware staff was laid off, with company executives noted the employees were "reassigned," though didn't mention if they were given a new role.

Tivo axes most of hardware team, shifting efforts to software | TweakTown.com

"We continue to balance appropriate levels of staffing and expertise necessary to support our existing hardware business and continue our innovation in hardware platforms and accessories with the need to allocate resources where strategic growth opportunities exist - and there is no doubt that we expect growth in the cloud-based delivery aspects of TiVo's business," said Steve Wymer, TiVo VP of Public Relations and corporate communications.

During the 2014 Consumer Electronics Show (CES) in Las Vegas earlier this month, TiVo didn't announce any new direct-to-consumer products.

If TiVo is axing its hardware division, it's hard to imagine the company will continue on making set-top boxes and other hardware - even if company officials claim they plan to.

NEWS SOURCES:wired.com, pcmag.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles