Avid restructuring Archives

Posts Tagged ‘Avid restructuring’

Avid Sells Consumer Audio and Video Lines; Reduces Staff Another 20%

July 2nd, 2012 by David Weiss

On the surface, it’s hard to say exactly how the latest news from Avid will affect Pro Tools users, if at all.

There were two aspects of the company’s announcement today. First off, Avid is selling its consumer audio and video product lines: The audio portion will go to Rhode Read more...

Avid Announces Restructuring, Lays off 10% of Workforce

October 27th, 2011 by David Weiss

Avid confirmed today in its quarterly earnings call that it has undergone a restructuring, laying off approximately 10% of its workforce in the process. With a headcount of 1,944 employees as of today, the move affects about 200 Avid employees. The cuts were across “all areas of the business”, excluding Read more...