A round of CNET Layoffs was announced on March 26, 2008 and includes a 10% reduction of the current workforce. The restructuring is expected to cost CNET between 3.5 and 4 million dollars.
Fast Facts:
- Effective immediately
- About 120 people to lose their jobs
Quote:
"...we are making significant changes to the organization. This includes the very difficult decision to make a workforce reduction that will affect 10 percent of our U.S. workforce or about 120 people. These changes allow the company to put greater focus on its leading brands, as well as help drive efficiencies throughout the business." - CEO Neil Ashe
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A:
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