JULY 18, 2022 — 250 LAYOFFS IN RESTRUCTURING CONTENT CREATION AND DISTRIBUTION
After a period of financial difficulty, the company has announced its intentions to restructure how it creates and distributes content, including on its digital platforms. The restructuring will result in a reduction in headcount of 6 percent of its workforce, or 250 people, including 15 employees at Fusion.
According to a company spokesperson, “We operate in a fast-changing and dynamic industry and we regularly make adjustments to ensure we are nimble and best positioned to continue investing in Univision’s growth.
“As part of a broader effort to streamline operations, we eliminated a number of positions in various areas of the company. Over the next several months, we will be adding new positions to support strategic growth areas that will allow us to be better poised to serve our diverse audiences across platforms and meet the needs of our partners.”
AUGUST 4, 2018 — Original post…
New York, New York-based Univision has announced that they will be laying off 240 employees as part of a company-wide restructuring effort that will also see the divestiture of certain assets.
According to a company spokesperson, "We have concluded a company-wide strategic review aimed at reorienting our operations to ensure we are positioned to most effectively compete in an evolving media marketplace.”
“We are implementing a plan to rejuvenate and re-energize the company with a rededication to our core mission of serving the US Hispanic community. As part of this plan, we are both reducing our workforce in various divisions around the company, as well as adding resources and capabilities to strengthen our core business.
While it is extremely difficult to lose valued employees, we are confident that our actions – along with our previously-announced process to explore the sale of the Gizmodo Media Group and The Onion portfolio – will enable us to focus on and invest in our core assets, which is necessary to ensure we remain the leading and unwavering voice, advocate, and source of information for the Hispanic community."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?