CNET to Lay Off 120

March 2008
Red Herring;3/27/2008, p4
Trade Publication
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.


Related Articles

  • NCR Pays $21 Million In Severance Through September.  // CardLine;12/25/2009, Vol. 9 Issue 52, p4 

    The article reports on he severance money paid by NCR Corp. to its laid off workers during the first nine months of the year. According to a U.S. Securities and Exchange Commission filing, the company will pay 21 million U.S. dollars in severance to the 900 terminated workers whose layoffs...

  • Shareholders look to deflate golden parachutes. Leckey, Andrew // Journal of Business (10756124);5/22/2003, Vol. 18 Issue 11, pA14 

    Comments on the application of resolution to decrease the salaries of departing executives by shareholders in the U.S. Number of shareholders resolutions filed with Securities and Exchange Commission; Amount of severance package given to departing chief executive officers; Approval of Delta Air...

  • £9m pay-day for former boss of HR software firm.  // Personnel Today;10/26/2004, p17 

    The article reports that Craig Conway, former chief executive of PeopleSoft Inc. has received a severance package of more than £ 9m, following his ousting earlier this month from the embattled software company. Conway, who fought a hostile takeover battle with software rival Oracle for 15...

  • Altera cutting 87 jobs. Deffree, Suzanne // Electronic News (10616624);8/10/2009, Vol. 55 Issue 31, p4 

    The article reports on the plan of Altera Corp., a programmable logic company, to conduct layoffs as one of the company's strategy to save nine million dollars annually in the U.S. According to Securities and Exchange Commission (SEC) filing, the company plans to eliminate about 87 positions...

  • Motorola faces $101M layoff charge. Taylor, Colleen // Electronic News;7/16/2007, Vol. 53 Issue 29, p7 

    The article reports that Motorola Inc. is facing a $101 million layoff charge. It mentions that in January 2007, Motorola announced it would cut 3,500 jobs, and, in May 2007, an additional of 4,000 jobs, in a strategy aimed to cut costs for the mobile phone maker. It mentions that in a filing...

  • Talbots cuts staff 9%, gets credit. Tierney, Jim // Multichannel Merchant (Penton Media, Inc.);Jul2008, Vol. 4 Issue 7, p8 

    The article reports on an announcement made by women's apparel merchant The Talbots in June 2008 that it will reduce its staff by nine percent. The layoffs across multiple locations are expected to result in estimated cost savings of around $14 million. In its filing with the U.S. Securities and...

  • Motorola job cuts cost company more than $300M so far. Taylor, Colleen // Electronic News;10/15/2007, Vol. 53 Issue 42, p7 

    The article reports on the cost of the downsizing of Motorola Inc. In a filing made on October 15, 2007 with the U.S. Securities and Exchange Commission (SEC), Motorola revealed that during the first half of 2007, the company paid some $221 million in severance charges to the 4,100 employees...

  • At Deadline. Barney, Lee // Money Management Executive;3/24/2008, Vol. 16 Issue 12, p1 

    The article offers developments concerning Fidelity Investments in the U.S. Shareholders of large mutual funds at the company has won a proxy vote to establish a "genocide-free" investment policy. Moreover, the company has settled with the Securities and Exchange Commission, who is investigating...

  • PNC Efficiency Drive Under Budget. Mazzucca, Tim // American Banker;3/16/2006, Vol. 171 Issue 51, p4 

    The article looks at PNC Financial Services Group Inc. PNC spent $11 million, or 17%, less than anticipated in 2005 to implement its three-year efficiency program, One PNC. The program, which began in January 2005, cost $54 million in 2005 and has eliminated 1,800 jobs. In its annual report...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics