CNet Networks says it is laying off 120 employees, or 4.4% of its workforce, as part of an effort to streamline the online media company while generating more content for its news and entertainment sites. All the layoffs will involve employees in the U.S., according to a document CNet filed Wednesday with the Securities and Exchange Commission. CNet's suite of popular Web sites commands a huge worldwide audience, but its investors have long complained the company's profits haven't kept pace with the growth of Internet advertising. The company indicated in the filing that the layoffs would be effective immediately and cost at least $3.8 million in severance pay, outplacement and other expenses.
View: Full Story at SiliconValley.com
View: Full Story at SiliconValley.com
Oh goody! More pointless anti-Microsoft bias, just what the Internet has been longing for
Unless CNET changed with the times, they're soon going to become a distant memory of the past.
When almost 90% of the internauts was part of a university, when a Us Robotics 56kflex is pure speed, when geocities was our houses...
And when grammar and spelling were respected more than they appear to be today.
C-Net news.com or something like that, Ryan Seacrest got started on that show, I'm pretty sure it was broadcast Sunday mornings on Sci-Fi channel way back in like 98-99
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