CNET, Gamespot employees laid off by CBS

Posted Dec 11, 2008 at 11:31AM EST by Mabie A.

Listed in: Tags: CNET

We are not immune. This statement can not go any clearer than this. CBS, mother company of media company CNET, has brought down the ax on several of its subsidiary companies, merging newsrooms, including TV.com, MP3.com and gaming website Gamespot.

It was only in May of this year that CBS bought CNET for US$ 1.8 million, and now, CBS CEO Les Moonves is saying that although he "loves the deal," he won't be buying CNET again today at the same price.

Because of the said merging, employees are then laid consequently laid off. It's bad enough that it has to happen at all, but the blow is just dealt greater when it happens and Christmas is just around the corner.

We wish the affected companies and employees of CBS (and all others out there hit hard by this economic spiral) would have a better year in 2009.

Via ValleyWag

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So much for the Video Game industry being recession proof. I know that comparing this with the Video Game industry is a stretch, but I'm just trying to show that everyone will be affected.

Just give it a year or two to start seeing the American Video Game companies to start firing.

Qualcomm (not video game related) is already cutting down their IT department.

It's only a matter of time.

# ... — zeromatrix75 2008-12-11 13:45

Lets just hope it doesnt last that long

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CNET, Gamespot employees laid off by CBS

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