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Creative Halves Workforce But Builds Zii Hype

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It's hard to know what to make of Creative's prospects for 2009, but mixed messages like these don't help much...

In a prime example of 'There's good news and bad news' we'll get the latter out the way first with Creative admitting that it will have to cut 2,700 jobs - more than half its 5,000 strong global workforce. The news comes on the back of poor financial results which saw the company post a net loss of almost $20m in its last quarter and turn in its lowest revenue figures in five years ($736.8m).

"The markets that Creative targets are highly competitive," said Creative in a statement. "Many of Creative's current and potential competitors have substantially greater financial, manufacturing, marketing, distribution and other resources."

Doesn't sound too positive, does it?

Yet countering this Creative continues to massively hype its mysterious Zii Processor. Following up its 'Everything You Know Is About To Change' slogan we have received an invite which boasts: "You will be invited to join a new movement that will experience revolutionary breakthroughs... we have created a stem cell-like silicon that is able to grow and multiply into different solutions and ecosystems. With an investment that spans over 10 years, over a billion dollars and over 10,000 man-years, the world is poised to experience a breakthrough that will better lives beyond our imagination."

Is there any way the Zii can possibly live up to this hype? Yep, I'm sceptical too but let's hope Creative can truly knock our socks off this week - at the very least for the sake of its remaining 2,300 employees...

Link:
Cuts via Hurriyet DailyNews

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