Newly former CNET employee Robert Balousek reports that he was one of 120 U.S. employees laid off by CNET, the online tech publisher. On Wall Street, the company is trying to fend off a takeover attempt by hedge fund Jana Partners. On the Web, the company is trying to stay vaguely relevant as a swarm of tech blogs silence whatever buzz it once had. The good news: CNET TV personality Natali Del Conte is still employed, which means there's some modicum of sense left at headquarters. Witnesses to the carnage, drop us a line. (Photo by Terry Chay)
CNET lays off 120, 10 percent of U.S. workforce
2:20 PM on Wed Mar 26 2008
By Owen Thomas
3,201 views
10 comments







Comments
CNET has 1200 employees? No wonder they can't make money.
Guys, you're a media company about technology. You're not a technology company.
This is what happens when you have a private equity investment banker (Neil Ashe) leading the charge, instead of an actual visionary product guy (how you are missed, Shelby). The various management teams there have sat by frozen and drunk on some belief that they are innovators, not listening to their own people and not having a clue what to do with what are actually great properties, while the rest of the net ran circles around them.
The recent fiasco with Gamespot's editorial integrity is the latest example in a long string of poor decisions to let clueless sales and marketing types take priority over the actual authentic and passionate voices that worked there - but then again, that is the corporate way.
Let us now watch the Jana Partners takeover attempt spur a sell-off of the various properties on their own.
Thank Gawd. I've held that stagnant bongwater they call their stock for way too long.
bugz321, sell the stock and forget about them
I haven't logged on to cnet since '96
CNET may be too good at journalism to survive the new media. They need to lower their journalistic standards...dramatically... to compete with ....ummm...Valleywag et al.
they should just sell news.com domain name..that should fetch them a pretty penny
CNET endured the first web boom, got its ass kicked and has repositioned and reinvented more times than Madonna. Nothing to see here.
@joeduck: seriously!
CNET Radio was great
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