CNET Networks cutting around 120 jobs

Online media company CNET Networks has revealed that they are now going to cut around 120 jobs in the company.

This comes to around 10% of their total staff.

These job cuts are part of their restructuring exercise as the company is facing intense competition online from blogs and rival networks.

CNet added that these job cuts are effective immediately and the pre-tax restructuring charges it would cost them between $3.5 million and $4 million.

Popularity: 4%

Tags: , , , , ,



Related Posts

Rumors on Google considering acquiring stake in CNet

Cisco Systems acquire Navini Networks

Wall Street Journal: Microsoft could acquire Tellme Networks

Skype Technologies acquires Sonorit Holding and Camino Networks

Cisco Systems to acquire surveillance company SyPixx Networks

Your Ad Here

Leave a Comment