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Short Take: CMP Media trims workforce

CMP Media said it has laid off 50 employees and that it is halting plans to fill another 35 vacant positions--cutting its total worldwide workforce of 1,860 by 4.6 percent. The across-the-board cuts come in light of the media company's slumping advertising revenues. CMP said its customers' ad budgets have declined due to unstable Asian economies, declining PC prices, and product delays.

CMP Media said it has laid off 50 employees and that it is halting plans to fill another 35 vacant positions--cutting its total worldwide workforce of 1,860 by 4.6 percent. The across-the-board cuts come in light of the media company's slumping advertising revenues. CMP said its customers' ad budgets have declined due to unstable Asian economies, declining PC prices, and product delays.