SeaChange Trims $5 Million via Layoffs, Other Cuts

SeaChange International announced that it has taken actions in the fourth quarter of fiscal year 2012 that will result in more than $5 million in annualized cost reductions. These cost reductions come principally from headcount reductions related to streamlining operations and reducing the overall cost structure of the company. The company will incur restructuring and severance charges in the fourth quarter reflecting these actions.
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