Univision Lays Off 6% Of Staff As It Plots New Back-To-Basics Course

  According to Deadline.com, Univision is announcing layoffs this morning, the next major step in the Hispanic media giant’s complete makeover. Numbers are not specified in the company-wide memo, but a source close to the company tells Deadline 6% of jobs will be eliminated. Before the reductions, the company had a workforce of about 4,000 people, meaning the ranks of the departed will number about 250.

Vince Sadusky, who succeeded Randy Falco as CEO in June, said in a memo to employees (read it below) that he is implementing a return to basics after the company pursued “many experiments” during the Falco regime. “One of the benefits of coming into a company with fresh eyes is that it is easier to have a clear look at these efforts without emotion and history,” he said. “In doing so, it became clear to me that many of these new ideas had eaten up a disproportionate part of our resources, whereas some of our most core activities had been significantly under-resourced.”

To read full article and memo to the staff, CLICK HERE.