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Polycom eliminates COO position in push to boost margins


(Reuters) – Videoconferencing equipment maker Polycom Inc said it eliminated the position of chief operating officer at a time when the company is cutting costs to better compete against rivals such as Cisco and Google. Eric Brown, who was also the chief financial officer, will leave the company “to pursue other opportunities,” Polycom said on Thursday. “Increasing operating margins remains the number one financial priority for Polycom in 2014,” Chief Executive Peter Leav said in a statement. Polycom said in January it would reduce 6 percent of its workforce, following a 4 percent reduction last August.

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