"Group CTO, Marc Alexander has volunteered a move to a...

"Group CTO, Marc Alexander has volunteered a move to a non-executive advisory position in the team, with a 100% salary reduction. Together, these executive cost cuts will total $260k/quarter in savings. Accordingly the Company will transition Marc from an executive director on the Board to a non-executive director on the Board. The Board thanks Marc for his incredible efforts over the years building LIFX, and joins the wider team in looking forward to Marc’s advice and engagement in an advisory capacity over the coming years."

Typical DM smoke and mirrors. The bloke's gone. Ties in with Kyle Guo getting promoted to VP of Engineering in Feb this year I'd say. Tim Peters (CEO), Marc (CTO) and Suzanne (VP of Sales) couldn't get out quick enough could they. What a damning indictment of the business. DAVE OUT!