CBS INTERNET LOGS OFF STAFFERS

By: Staff Reports 25% Of Staff Let Go



(The Hollywood Reporter) CBS Internet Group has let go a

quarter of its staff amid shifting upper-management ranks

brought about by new chief operating officer Lisa Simpson, a

company insider confirmed.



Simpson, who recently left her position as head of Sony Online

Entertainment, has hired several of her former Sony

colleagues, including Robert Gehorsam and Mark Kortekaas, who

will join CBS Internet Group as a senior vice president and as

chief technology officer, respectively.



'As with all transitions, there comes a time when an

organization must endure a certain amount of upheaval,' CBS

told employees in an internal memo explaining the layoffs. CBS

Internet Group reportedly laid off about 25% of its staff of

about 100 people.



CBS Internet Group was created this year to house the

company's portfolio of investments in online start-ups, some

bearing the eye's name, such as CBS MarketWatch and CBS

SportsLine, and others that have a less obvious tie to the

network, such as Jobs.com and Wrenchead.com.