/
08.22.2002 12:00AM
Scientific-Atlanta Cuts Workforce
Scientific-Atlanta plans to cut approximately 400 jobs, roughly 6 percent of its workforce, due to a downturn in the cable market. The reductions will occur over several months, and are spread over every division of the company.

The cuts will reduce S-A's operating expenses by $40 million annually, and the company will take a one-time, pretax charge of roughly $15 million.

All of the nation's largest cable operators have seen declines in their market capitalizations, and Adelphia has filed for bankruptcy. The companies therefore have reduced their capital expenditures, hurting S-A's business and forcing the layoffs.


Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Wednesday 9:02AM
Analysts: TV Regs 'Not as Dire as We Thought'
We feel the negatives are known and are a lot more comfortable recommending the space.


 
Featured Articles
Discover TV Technology