TITLE

CNET to Lay Off 120

PUB. DATE
March 2008
SOURCE
Red Herring;3/27/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that CNET Networks will be laying off 120 workers. The San Francisco, California-based company plans to take a pre-tax restructuring charge ranging $3.5 million to $4 million for severance pay as it tries to reallocate resources and cut costs, according to documents filed with the U.S. Securities and Exchange Commission. The move comes as CNET has been under increased pressure from shareholders.
ACCESSION #
36876258

 

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