Newspapers are firing reporters and other employees as fast as they can.  The Times, LA and NY are bankrupt—as is the LA Daily News, for example.  Now the major network have begun the process of ending thousands of employees/ NBC is firing 450 to start with!

“According to the individual, the cuts were minor, accounting for about 1.5  percent of NBCU’s workforce, which totals about 30,000 — or about 450.

Networks such as USA, E!, Bravo, G4 — which recently canceled “Attack of the Show” and “X-Play” — and Syfy were affected by the cuts. NBC’s news group, which includes  MSNBC, also felt the pinch.  The creative side of NBC Entertainment was not affected by the layoffs, the individual said.”

No segment of the economy is safe from the crazy regulations, high taxes, out of control pension systems and rules.  Bet most of these people voted for Obama—well, they got what they wanted—an economy based on government not the private sector.

 

NBCU Lays Off Employees at Bravo, G4, Others

By Tim Kenneally, The Wrap,  11/12/12

NBC Universal engaged in another round of belt-tightening on Monday, enacting a small number of layoffs across its cable entertainment networks, an individual with knowledge of the situation told TheWrap.

According to the individual, the cuts were minor, accounting for about 1.5  percent of NBCU’s workforce, which totals about 30,000 — or about 450.

Networks such as USA, E!, Bravo, G4 — which recently canceled “Attack of the Show” and “X-Play” — and Syfy were affected by the cuts. NBC’s news group, which includes  MSNBC, also felt the pinch.  The creative side of NBC Entertainment was not affected by the layoffs, the individual said.

The cuts came after the corporate end of the company asked each of the business units to look at what inefficiencies or duplications could be eliminated as the company prepares for 2013.

The conversation about potential cuts began some months ago, the individual said.

Monday’s layoffs are the latest example of budget-shoring for NBCU, which has been trimming its workforce in the latter half of 2012. In August, 20 staffers at “The Tonight Show” were laid off. Earlier this month, Universal Pictures enacted across-the-board layoffs that affected 25 employees — which accounted for about 1.5 percent of Universal Pictures’ workforce.

Deadline first reported the news of Monday’s layoffs.

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