On that same day it received what would be its final CEO, Taligent Inc. also ended its partnership form. Apple and HP sold out their holdings in the company, making Taligent Inc. a wholly owned subsidiary of IBM alone. While dissolving the partnership, each of the three former partners expressed approval of Taligent's progress. In what they called overall enterprise-wide cost-cutting processes, Apple and HP wanted to simply maintain technology licenses, IBM wanted to use its own redundant marketing and support departments, and Taligent wanted to focus only on technology. In the process, nearly 200 of the 375 employees were laid off, leaving only engineering staff. Apple veteran and Taligent cofounding employee, Mike Potel, was promoted from VP of Technology to CTO, saying, "We're better protected inside the IBM world than we would be trying to duke it out as an independent company that has to pay its bills every day."