30 March, 2008

CNET Cuts 10% of Workforce

Under pressure from unhappy investors, CNET has slashed 10 percent of its workforce -- or roughly 120 people. Yet Jana Partners, the investment firm that has made the most noise about its displeasure with CNET's management, is not satisfied.

In a statement released today, Jana, which owns roughly 8 percent of CNET's stock, slammed CNET for moving too slowly to address what it sees are major problems with the tech and lifestyle publisher.

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