Vonage shakeup: CEO resigns, cost-cutting announced

[techpr]

"In a series of events meant to stir things up at a company that many analysts have already written of as dead, Vonage CEO Michael Snyder has resigned on the same day that the pioneering VoIP provider announced a series of cost-cutting maneuvers, including operations consolidation, a reduction in marketing, and predictably, layoffs."

More... (http://digg.com/tech_news/Vonage_shakeup_CEO_resigns_cost_cutting_announced)