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Creative sheds jobs

SoundBlaster makers to close American plant and sack hundreds of workers

Creative Technology, the Singapore-based company behind the SoundBlaster range of soundcards as well as numerous graphics cards, webcams, MP3 players and other peripherals, has announced today that it will be laying off upwards of 400 people, or around 10% of its global workforce. Worst hit will probably be America, with the company's manufacturing plant in Pennsylvania being shut down in an effort to cut costs and halt the recent slide in the company's share price. There will also be "sharp cutbacks in its non-revenue generating Internet businesses" according to reports.

Source - Reuters / FT.com

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