Julie Jacobson · August 12, 2016
Two years ago, the giant commercial-projector manufacturer Christie Digital took a plunge into the residential market, hiring industry veteran George Walter as its first director of home entertainment.
In the past few weeks, the company has gone through a major restructuring, laying off 5 percent of its work force and apparently backing off from the consumer market, at least for now. Walter was a victim of the restructuring and Jeff Klaas, the VP who hired him, has also left the company.
While Walter and others say Christie is halting any aggressive movement into the home, "Christie has made no formal statement about exiting the residential market," a spokesperson tells CE Pro: "As with any business, we have taken the opportunity to improve our operational efficiencies by consolidating some functions and eliminating duplication of roles as a result of acquisitions made over the last several years. We continue to hire, as demand for our solutions’ portfolios continues to grow."