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Source:CenterNetworks

Reuters is reporting that San Francisco-based CNET (CNET) has fired 10% of their workforce today. The worldwide reduction amounts to 4.4 for a total count of 120 employees.

From Reuters, "CNET expected pre-tax restructuring charges from the job cuts to run between $3.5 million and $4 million, most of which will be taken in the first quarter of 2008. The job cuts are effective immediately." 

I sure hope none of my Webware friends were fired! Check out my article from January which looks at one reason CNET is in the mess they are currently.

Update: PaidContent has the memo from CEO Neil Ashe regarding the reorg - it’s quite a lengthy read. It always gets me when CEOs discuss the importance of the team when they just escorted x employees out of the building.

Check out the printer we used for our business cards:

This entry was posted on Wednesday, March 26th, 2008 at 5:43 pm and is filed under cnet, Quick News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.