NBCUniversal Will Lay Off 500 Employees Due to Budget Cut
Another wave of layoffs is likely coming within NBCUniversal. A source says the media company is going to cut a total of 500 employees or 1.5% of its total workforce as a part of cost-cutting effort.
The decision will affect various TV divisions of NBCUniversal, including NBC, Syfy, USA, G4, E! and Bravo. The company reportedly didn't give individual divisions a target of a number of layoffs, but asked them to eliminate inefficiencies and duplications among staffs at various departments before year's end.
Back in August, NBC's "The Tonight Show with Jay Leno" had to let go around 20 staffers as a part of budget cut. Later in October, G4 network canceled "Attack of the Show!" and "X-Play" which led to the departures of several dozen employees.
NBCUniversal has been trying to trim down its cost following the Comcast merger. The company refused to comment on the issue.
- Watch Preview of Ty Dolla $ign and Lil Yachty's Collaboration for 'Beach House 3'
- 'Delusional' Drake Is Still Not Over Rihanna, but She Won't Give Him Another Chance
- Perrie Edwards Celebrates Footballer Beau Alex Oxlade-Chamberlain's Win With a Dance
- Kris Jenner Reportedly Planning New Reality Show Featuring Her Grandkids
- Sara Sampaio Exposes Nipples in See-Through Bustier
- Here's Why 'Avengers 4' Doesn't Have a Title Yet
- Gucci Mane Brings Out A$AP Rocky, Chief Keef, 50 Cent and More at Coachella
- Alex Rodriguez Says His Relationship With Jennifer Lopez Is 'Moving in the Right Direction'