TiVo, the DVR maker is also interested in laying off some of its staff, according to Silicon Alley Insider. The exact number and timeline of the layoffs has not been disclosed by the company in its SEC filing. But the company has made it clear that the layoffs will happen:
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.
We expect to incur pre-tax charges of approximately $1 million, primarily for employee-related severance benefits and out-placement costs. We expect to record these charges in the fourth quarter of fiscal year 2009 ending January 31, 2009. Substantially all of these charges will result in cash expenditures.
