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Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness. REUTERS/Philippe Wojazer

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    CNET cutting 120 jobs

    NEW YORK
    Thu Mar 27, 2008 8:26am EDT

    NEW YORK (Reuters) - Online media company CNET Networks Inc said on Wednesday it will eliminate 120 jobs, or about 10 percent of its staff, in a restructuring to help it focus on long-term growth amid complaints from some investors.

    Technology

    CNET expected pre-tax restructuring charges from the job cuts to run between $3.5 million and $4 million, most of which will be taken in the first quarter of 2008.

    The job cuts are effective immediately.

    The moves come after hedge fund Jana Partners LLC won a key court ruling earlier this month that could help it take control of CNET's board.

    Jana Partners, which holds about 10 percent of CNET's voting stock, is leading a group of investors that wants to "revitalize" the company and boost its share price.

    CNET has said it will appeal the March 13 ruling by the Delaware Supreme court that allowed Jana Partners and the rest of the group to nominate additional directors to the media company's board.

    CNET shares rose 6 cents to close at $7.25 in Nasdaq trading on Wednesday.

    (Reporting by Paul Thomasch; Editing by Andre Grenon)
    Technology


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