Staff in the US will leave the VOD platform company immediately, while international employees will benefit from local employment legislation and leave over a period of time.
In a statement the company said it would save $11 million from the staff reductions, both internally, and by decreasing the use of contractors.
“SeaChange has delivered on its long-term strategic commitment and ongoing investment to bring a new generation of software products to market and enable a range of innovative IP-based video services for its customers,” said SeaChange CEO Jay Samit. “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.”
SeaChange said it was able to streamline its activities now that its latest range of software products had been brought to market.