NBC News, ad sales division facing cuts
Layoffs began earlier this week, with more likely to comeNEW YORK -- NBC News and NBC ad sales are the among the latest victims of NBC Universal's previously announced layoffs and cost reductions.
About 30 layoffs in the ad sales department began this week. Sources said more cuts had been made in the news division already and that more likely were to happen todayThursday. The cuts, which are worldwide, are being done in addition to buyouts, attrition, early retirement and jobs around the company not being filled. Offices affected included New York and Los Angeles. The notifications will finish early next week.
It wasn't immediately clear whether those cuts or buyouts would involve on-air or key behind-the-scenes people. The total number couldn't be immediately determined, though it was believed to be much smaller than previous job losses.
NBC declined comment.
These cuts follow an October directive by NBC Uni chief Jeff Zucker to cut what amounts to $500 million in costs from the company's budget, a subsidiary of General Electric. NBC Uni employees, particularly in the news division, were asked to consider buyouts. But there have been and will be outright layoffs after the buyouts didn't achieve the required level. At the Weather Channel, which recently was acquired by NBC Uni and private-equity firm the Blackstone Group, more than 60 positions were cut.
It's not the first time that NBC Uni has cut back, either. Under the NBC 2.0 plan announced in October 2006, about 700 jobs were cut by 2007 and, among other things, MSNBC's headquarters in Secaucus, N.J., were shut and operations merged with NBC News headquarters in New York.