Wednesday, November 12, 2008

'Bloodbath' at Al Gore's Current TV; 30 laid off

Current TV is cutting 30 jobs so that the company founded by Al Gore can restructure and remain "comfortably profitable in 2009 regardless of the depth and length of the recession."

David Weir of quoted one unnamed person at Current's San Francisco office as saying the layoffs Tuesday were a "bloodbath." Weir said Current's LA and SF offices battled over content and business strategy, and the Socal office came out the winner. After the layoffs, Current will have 410 positions.

Current TV, which programs its channels with user-generated content, will premier eight "cross-platform channels, including news, comedy, music and technology" in the first quarter of 2009, a statement from the company said.


Anonymous said...

An inconvenient truth from Al Gore: You're fired.

Anonymous said...

Guess some former Current employees will soon be living in their Priuses.