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CNET Canning 120 In Forced Reorg
http://www.alleyinsider.com/ 2008/ 3/ cnet_shedding_120_employees_in_reorganization
CNET is firing 120 employees -- 10% of its U.S. workforce, according to Reuters, or 4.4% of its worldwide workforce -- in a "realignment to more appropriately allocate resources," the company said, in a filing with the SEC. The company estimates the restructuring will cost $3.5 to $4 million in severance pay. CNET is under pressure from activist investor group JANA & Co., which is trying to elect 7 members to the board.
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3.28.08 webNews Wrap-up
http://www.blackweb20.com/2008/03/28/32808-webnews-wrap-up/CNET and DoubleClick layoff. 10 Millionth Article Written on Wikipedia. Google and Yahoo release video ads in search results. Judge rules in favor of Diller. (more…)
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