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.
- Iron Fist Shows His Martial Art Skills in New Photos of Netflix's Series
- Is Rihanna Not Happy With Beyonce Over Grammy Nominations?
- Wendy Williams Calls Nicki Minaj 'Insensive B***h' for Mocking Mentally Ill Woman
- Lady GaGa Pens 'Inspiring' Open Letter About Her Daily Effort to Battle With PTSD
- 'Bones': What Will Happen to the Jeffersonian? David Boreanaz Shares Photo of Destroyed Lab
- See Tom Hiddleston Accidentally Running Into 'Taylor Swift' During Morning Jog in London
- Andy Cohen Would Like to Hook Up With Justin Bieber
- Chanel Iman Stars in Flo Rida's Flashy Video for 'Zillionaire'