May 29, 2016  

NBCUniversal Will Lay Off 500 Employees Due to Budget Cut

November 13, 2012 (6:44 am) GMT
The media company is reportedly cutting about 1.5 percent of its total workforce from various divisions.

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 "" 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.

TODAY'S HEADLINES

  1. Kanye West Robbed, Computers Stolen From His Studio
  2. 'Transformers: The Last Knight' Announces Big Reveal on May 31
  3. Dwayne Johnson Hints at Darker Hobbs in 'Fast and Furious 8' Image
  4. Paul Bettany Defends Johnny Depp Amid Amber Heard's Domestic Violence Accusations
  5. Khloe, Kourtney Kardashian, Tyga Celebrate Scott Disick's Birthday in Vegas
  6. Kate Beckinsale: Michael Bay Was Baffled Because 'My Boobs Weren't Bigger Than My Head'
  7. 'Maze Runner 3' Pushed Back to 2018 as Dylan O'Brien Is Still on the Mend After On-Set Accident
  8. PND Serenades Kylie Jenner After She Called Him Out for Deleting Her on Social Media