It started with rumors, but after a denial from an Univision spokesperson earlier this week, they’ve become a reality.
It is now confirmed that Univision today has laid off 6% of its workforce – 300 people. This is the official statement I’ve just been able to get from a company spokesperson:
“Given the continued economic challenges facing the country and downward pressure this has caused on advertising-related businesses, Univision has been working aggressively to bring its cost structure in line with the current environment. Like many in our industry and across most sectors, we are reducing our workforce. The size of the reduction is approximately six percent. While it is extremely difficult to lose valued employees, we are confident that the steps we are taking will make us more efficient in the short-term and better positioned for growth in the long-term.”
At this point, the company does not want to divulge the areas hardest hit by the nation-wide layoff.