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
Monday–June 30

Carr Heads to Midco, VIKOR

Brendan Carr is gearing up to give his first major policy address as FCC Chairman. Those appearances on Fox News don’t count! On Wednesday, he will outline his “Build America” agenda for the Commission

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

Sep 11
2025 Faxies Awards Faxies Nominations Open! Final deadline: 4/4/25
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 Carley Ashley, [email protected], for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.