Leading VoIP service provider Skype has confirmed the news regarding firing of eight of its senior most officials in the wake of its acquisition by Microsoft Corporation for a sum of $8.5 billion.
A spokesperson at Skype stated it as a move towards changing its management structure in light of forthcoming buy out by Microsoft. Two of the executives named Ramu Sunkara and Allyson Campa, who came in its management structure after the 2011 acquisition of Qik by Skype were also fired in this restructuring drive.
The other departing officials included vice president and general manager for Skype for Business, David Gurle; Doug Bewsher, chief marketing officer; Russ Shaw, general manager and vice president; Anne Gillespie, head of human resources.
In addition Don Albert, general manager and vice president for the Americas and Advertising; and Christopher Dean, head of consumer market business development were also at the receiving end.
According to Bloomberg (opens in new tab), this move has been rather beneficial for company as the market value of the stock options held with these officials would have shot up significantly after the proposed takeover.
The buyout offer by Microsoft has already been approved by the U.S. Federal Trade Commission and all the clearances are expected to be attained by the end of this year. Earlier this month, Comcast and Skype joined hands together in a partnership which would allow Comcast customers to make and accept calls through their HD, wide screen television sets. The company is also on the move for integrating it more with popular social networking website, Facebook.