As a part of a company-wide cost saving initiative, multiscreen service provider SeaChange has cut 10% of its global workforce and decreased its outsourcing contracts. The move is expected to result in more than $1.3mln in restructuring and severance charges in 4Q of fiscal 2015 and beyond—but also generate approx $11mln in savings. The company has been trying to transition into a software-focused company, leveraging advanced video platforms including Adrenalin and Nucleus. “With Adrenalin and Nucleus established in the marketplace, we can now orient our industry-leading resources toward capturing the lead in additive applications to help our core customers grow revenues and expanding our customer base into new segments such as OTT video services,” CEO Jay Samit said in a statement.

The Daily

Subscribe
Thursday–June 11

FCC Reminds States of Pole Attachment Obligations

The FCC reminded states that have taken over pole attachment regulation from the federal government that they have to set effective rules, rates, terms and conditions and that they must maintain a process for

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jul 10
2026 Top Ops Awards Top Ops Awards Entry Deadline
Nov 3
2026 Most Powerful Women Awards2026 Most Powerful Women Awards
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact us at marketing@cynopsis.com, for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.