CNET cuts 120 jobs in workforce realignment

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San Francisco—CNET Networks said Wednesday that it had laid off 120 employees, or 4.4% of its total head count, in what the company termed a “workforce realignment.” The job cuts took effect immediately. CNET referred to the reduction in an 8-K report filed last week. CNET has been under increasing pressure from an investment group led by New York-based Jana Partners. Jana recently won a court ruling allowing it to nominate directors to CNET’s board; CNET has said it will appeal the decision. The 8-K filing lists several areas that CNET said it plans to work on, including “evolving the company’s editorial organization to enable greater focus on content creation” and “simplifying the sales approach to enhance sales productivity.”
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