The Rundown: Jan. 16, 2009

Today on The Rundown: GTA rumors make the rounds, the second largest electronics retailer goes belly up, Steve Miller invades Rock Band, Simon Whitcombe joins CBS and Burnout Paradise gets a new box.

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CBS Restructuring Leads to GameSpot Casualties

And you thought those argyle socks from grandma were a bad Christmas present. Last week, CBS Interactive gave employees something even worse: an axe, wrapped in a not-so-pretty pink slip.

Layoffs at the media giant affected nearly every division of CBS Interactive, including the company’s video game news outlet, GameSpot. Word of the cuts started rolling in last week, with a number of employees unexpectedly finding themselves out holiday shopping one minute and job hunting the next. While layoffs have been confirmed throughout CBS Interactive and the former CNET Networks divisions, CBS is refusing to release specifics on the number of firings.

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