CyberDefender's Guseinov Steps Down, Firm Chops Staff

Los Angeles-based CyberDefender, the developer of Internet security software and remote technical support, said Tuesday that Chairman and CEO Gary Guseinov has resigned. Reason for the resignation was not disclosed, however, the firm said it has implemented a "strategic plan" to achieve profitability at the publicly held firm. The firm said that Guseinov has been replaced by independent board member Howard Bain as Charman, and that the firm is "actively negotiating" with an interim CEO candidate, Greg Thomas, to step into the CEO role. As part of the shuffle, the firm said it will focus on its LiveTech service offering, and discontinue development of proprietary software intended for sale to consumers. The firm also said it has "eliminated substantial headcount" across the entire organization, focusing specifically on software development; the firm is instead looking to license technology from other vendors. Size of the cuts wer enot disclosed.