CableLabs President and CEO Phil McKinney has said the organisation is taking the next steps of its evolution.
McKinney said CableLabs would now prioritise investment in innovation projects focused on three to eight years with an importance equal to traditional R&D projects that have a focus of between one and three years.
“While most organizations spend a small portion of their budget on longer range innovation, we’ve made the deliberate decision to be aggressive in this transformation to ensure that CableLabs can rapidly build and sustain a significant innovation pipeline for the industry,” said McKinney.
While McKinney didn’t raise the prospect of redundancies himself, Multichannel News reported Friday that 30 staff members would be laid off, primarily in its video and applications group.
During McKinney’s time at CableLabs, membership has increased from 38 to 55 members across 33 countries. The international credentials having been aided by the incorporation of Cable Europe’s EuroCableLabs.
