Liquid Audio, which develops technology to play music online, says its chief technology officer, Philip Wiser, has resigned. Wiser, who is also a co-founder and former director of the music software company, is leaving after six years to spend time with his family and "investigate new opportunities," according to the company. Wiser's role will be filled by Leon Rishniw, vice president of engineering, and Matt Smith, vice president of product marketing.
Like many Internet music companies, Redwood City, Calif.-based Liquid Audio has struggled to maintain its business amid an industry slowdown. In May, the company dismissed about 40 percent of its staff to cut costs.