SiliconBeat

TiVo becomes the latest Silicon Valley company to resort to laying employees off as it “manages through the challenges presented by a difficult economic climate,” as well as what it, perhaps euphemistically refers to as “a rapidly evolving retail consumer market.”

Perhaps “devolving” would be the more appropriate verb choice. Or does TiVo know something about other changes in consumer habits, in addition to the evidently growing consumer fad of, well, consuming less.

TiVo didn’t put a number on how many jobs were to be eliminated. The company had 495 employees at the end of its last fiscal year last January. The company did say that it expects to take mostly cash charges of about $1 million “primarily for employee-related severance benefits and out-placement costs, according to this afternoon’s filing with the SEC this afternoon.