Written by Chris Albrecht
Posted Wednesday, November 19, 2008 at 2:36 PM PT

 

TiVo Lays Off Some Staff

Blaming poor economic conditions, TiVo started laying off some of its staff yesterday in an effort to lower operational costs. Silicon Alley Insider discovered the news in an SEC filing. From the filing:

On November 18, 2008, we commenced a plan to reduce our operational expenses, primarily through a reduction in headcount, as we manage through the challenges presented by a difficult economic climate and a rapidly evolving retail consumer market.

Details like how many people were being cut and from which departments were not immediately available, though SAI doesn’t think the number will be too big since the company says in the filing that it’s only taking a $1 million pre-tax charge for severance benefits and outplacement. We contacted TiVo and will update this story as we hear more.

TiVo has certainly had a rough year. Though it’s added services such YouTube videos and movies from Netflix, Jaman and CinemaNow, and won a patent dispute with EchoStar, the company has consistently lost subscribers as cable and satellite companies offer a cheaper DVR alternative. According to TV by the Numbers, the total TiVo subscriber count fell to 3.623 million, roughly the same number it had back in July 2005.

Sphere
« Previous Post Next Post »

Comments & Trackbacks

  1. $100 million sure doesn’t buy as much as it used to… ;)

    Dave Zatz on November 19th, 2008 at 2:52 pm - Permalink
  2. [...] with Amazon Unbox and CinemaNow, can pizza and a movie be far behind?  In separte news this week, NeewTeeVee reports, citing the Silicon Alley Insider, that TiVo has laid-off an undisclosed number of employees.  [...]

    Pizza a la TiVo « on November 23rd, 2008 at 1:14 pm - Permalink
  3. [...] on sales this holiday season. TiVo made it known through a regulatory filing last week that it was laying off staff and taking a $1 million pretax charge for severance charges and [...]

    TiVo Subscriber Numbers Keep Tanking « NewTeeVee on November 25th, 2008 at 4:55 pm - Permalink
  4. [...] since September is too lengthy to list here, but in just the past month, Akamai, Qik, Strands, TiVo, Current and BitTorrent have let people [...]

    Viacom to Lay Off 850 Positions « NewTeeVee on December 4th, 2008 at 6:39 am - Permalink

Leave a reply








Safari hates me

If your comment doesn't show up immediately, it may have gotten caught in our trusty (but occasionally overly ambitious) spam filter. Please drop us a note and we'll retrieve it.