CNET In Distress; 120 See Layoffs
While BoomTown has not paid enough attention to the ongoing, well, debacle at CNET, its announcement that it was conducting layoffs and also making a variety of changes was a major moment for the company. Using the term "workforce realignment," an ominous-sounding phrase that calls to mind how job shifts were once made in the former Soviet Union, the San Francisco-based tech news and reviews site was clearly prompted to make these changes due to the ongoing pressure from activist investor Jana Partners, although it denied that was the case (which meant it was the case, of course).
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