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 wil

Author:: TVTechnology
Publish date:: Aug 21, 2002

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.

Harris is in the process of eliminating 100 jobs in its U.S. and European divisions, a Harris spokeswoman confirmed through RW Online, tvtechnology.com's sister site. The move was made to help contain expenses. The spokeswoman said there has been a staff reduction of approximately 5% of U.S. positions. Before the cuts

Harris Broadcast is streamlining operations by outsourcing and cutting jobs, both in the United States and overseas. In a memo to employees, Broadcast Communications Division President Jeremy Wensinger said the company would move production from Huntingdon, England to establish a single transmitter manufacturing

Scientific-Atlanta has signed a letter agreement with Adelphia Communications through which S-A can continue to provide products and services to the cable company, which is suffering financial difficulties. Adelphia has been an S-A customer for 20 years, but its purchases have dropped in recent years. In fiscal year o

Scientific-Atlanta acquired Vancouver’s UB Video Inc., a provider of advanced compression technologies for digital video encoding and decoding, this week. Terms of this agreement were not disclosed. The two companies have collaborated over the past two years to produce advanced digital video encoding technology. "B

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