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SeaChange slashes more jobs, puts hope in new UI to plug the sinkhole

SeaChange International, one of the most significant contributors to VoD technology over the years, is cutting more jobs in North America to offset net losses amounting to $22.3 million last quarter alone. It is slightly perplexing as to what is causing the SeaChange ship to sink, considering it has a client list with some giant names, but perhaps some customers are de-emphasizing their reliance on SeaChange in favor of a new wave of OTT rivals in VoD. The company’s extended period of financial dismay makes it easy to jump to the conclusion that SeaChange is drifting dangerously towards its last goodbye, but it is being kept afloat by a customer list that boasts players which include Verizon, Comcast, Cablevision and…

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