Gee, look what I missed out on...
THIRD ROUND OF CUTS AT CREATIVE PLANET SLICES 70, LEAVING 150
Tuesday, March 27 07:55 p.m.

For the third time in seven months, entertainment industry production software provider Creative Planet has laid off a sizeable chunk of staff in an effort to streamline spending and reach profitability. A total of 70 employees were let go today, leaving just more than 150 on board. Company CEO Allen DeBevoise said in a statement that the "need to preserve a strong capital position is paramount" in light of financial hard times and an impending strike in Hollywood. The statement indicates that terminated employees get pay through the week and four weeks of severance and health benefits. In August, just after closing a $38 million round from Times Mirror Chandler Trusts, Creative Planet laid off 30, and in December, after closing a $30 million round from United News & Media, 72 people were cut. DeBevoise said at the time of the December cut that it was the last for the foreseeable future.