CNet Cuts 10% of Workforce
News is just hitting the wires that the grand old dame of technology news, CNet is cutting 120 jobs or 10% of it’s workforce effective immediately. This news comes just a couple of weeks after Jana Partners, a shareholder activism group won a court appeal in Delaware for the right to nominate several people to the CNet board. The International Business Times prints what it claims is an internal memo sent to employees announcing the job cuts. Strategic realignment is cited as the reason for the job cuts.
Based on that business analysis, today, 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.
What do you make of the CNet news? Is it still as relevant today in a world where Valleywag, Techcrunch and Techmeme exist?
March 31st, 2008 at 9:45 am
It’s been probably 5 years since I visited Cnet on a regular basis. When blog came around, the idea of a centralized site like CNet become less relevant. By the time anything hit the front page, I’d already come across it in the blog. Twitter is having a similar effect on some of the news blogs I used to visit often.