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.
- Johnny Depp and Javier Bardem Officially Join Tom Cruise in Universal's Monster Film 'Dark Universe'
- Angelina Jolie and Brad Pitt Are Ready to Start Co-Parenting Their 6 Kids
- Watch Lana Del Rey Get Cozy With The Weeknd in 'Lust for Life' Video
- Kylie Jenner Is 'Annoyed' That Ariel Winter Keeps Stealing Her Look
- Kris Jenner Wants Her Marriage With Caitlyn to Be Annulled
- The Chainsmokers Hints at Collaboration with BTS
- Super Junior Shows Off Strong Bond After Recent Meet-Up
- Burglar Hits Michael B. Jordan's Home, Walks Off With Cash and Jewelry