Creative Cuts Jobs

gebraset - January 4, 2009 08:57PM in Manufacturers, General News

With the multimedia company experiencing a drastic amount of revenue lost recently, a staggering $19.7 million, it is cutting nearly 2,700 jobs. This is obviously in direct effect with the net loss it experienced, which is the lowest revenue in a total of five years. This has happened because of the demand for its music players falling, or so Creative is currently claiming. While the job cuts represent roughly half of the company’s work force, it still seems to be ready to deliver the Zii product or product line at the next upcoming Consumer Electronics Show, which is right around the corner.