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Univision Planeta axed, Fusion and Univision Digital hit with layoffs; more job cuts coming

April 12, 2018 by Veronica Villafañe

Fusion Univision

Univision is continuing its downsizing with another wave of layoffs. Multiple sources say over 150 people from Fusion and Univision Digital lost their jobs yesterday and today.

Job cuts kicked off yesterday at Fusion and Univision Planeta, an environmental division that has been eliminated. About 40 positions were slashed.

Today’s round hit the digital team, shedding another 70 employees. According to a high-level source, the cuts affected Univision Noticias Digital (about 30), Univision Entertainment Digital (about 30), and Deportes (about 7). The numbers are approximations, according to the source.*

An insider says Univision network news director Daniel Coronell held a staff meeting today to address the situation. He warned this was the first round of cuts and that what was coming is “catastrophic,” with the next wave of layoffs expected in June. He told shell-shocked staffers Univision had to cut $300 million by eliminating programs and jobs.

According to the source, Coronell said all department heads had presented their own proposals to the Boston Consulting Group hired by Univision to review and streamline the company’s operations with the intent to minimize the impact. But that the consultants would make their own recommendations to CEO Randy Falco as to where cuts should be made. Falco will then relay them to the Univision Board of Directors, who will make a final decision.

A source tells Media Moves the “newsroom is in chaos” with panicked staffers wondering if they’ll be fired each day they come in to work.

Last month, Univision eliminated 20 positions across several business units, including Fusion, just days after the company scrapped its IPO and CEO Randy Falco announced his early retirement. Fusion Media Group (FMG) CEO Felipe Holguín and Fusion President and Chief Content Officer Daniel Eilemberg were among those ousted. A Wall Street Journal report in March indicated that the Boston Consulting Group recommended a 35% budget cuts for FMG.

A company spokesperson who confirmed the layoffs without addressing how many, issued the following statement:

“UCI is undergoing a multi-year transformation initiative as part of our efforts to navigate and prosper in today’s media landscape and remain an unwavering advocate and source of information for the Hispanic community, and the rising and diverse American mainstream. We are focused on challenging ourselves to pursue strategies that strengthen our competitive edge and best position us for the future. As part of this process, we have made the difficult decision to eliminate some positions across various UCI business units. We are taking steps necessary for our business to continue to thrive, but we will never compromise our duty and purpose to inform, entertain and empower our community, which is more important today than ever before.”

* Story updated 4/13 with layoff breakdown. Number of layoffs also were confirmed at over 150 by a high-level company source.

Filed Under: Digital, TV & Radio Tagged With: Fusion, Univision, Univision layoffs

Reader Interactions

Comments

  1. Curramba says

    April 12, 2018 at 3:26 PM

    Pero y esta vaina como pasó?
    Cómo permiten a un pillo, mermeladero y corrupto como Coronell, ser el portador y ejecutor de tales anuncios?
    Es que aún no lo conocen?
    Me apena que junto a otros ahí, ponga tan en el piso a nuestro país.

    • ExUni says

      April 12, 2018 at 7:17 PM

      No te olvides de Isaac Lee el hacedor del fracaso y de su fortuna personal. Como es posible que nadie se dio cuenta del negociazo que hizo para si mismo teniendo su equipo de cortadores de video y más para univision.com desde Colombia y más! Que pena por los que creyeron en el sueńo guajiro de Borja el paladín del periodismo español que iba a hacer de univision.com el portal más chingon del planeta. Aquí está su proyecto Cuntas visas les arreglaron a colombianos y españoles? Y no olviden que cuando en el 2015 dijeron no hay dinero todos los GMs de las estaciones locales enfurecieron cuando supieron que si había para el gran Borja. Sabíamos que el bebé nació muero igual que su gemelo Fusion al cual siguieron alimentando y sabían que había muerto

  2. Elin Touchable says

    April 12, 2018 at 6:22 PM

    “UCI is undergoing a multi-year transformation” que risa dan…. en dos años univision estara en bancarrota…. dos años…..

    • ExUni says

      April 12, 2018 at 7:18 PM

      Te equivocas es el próximo año

  3. james says

    April 13, 2018 at 5:38 AM

    Issac Lee,colombianizaste,la empresa y está el resultado,en 8 años,la fuiste destruyendo a UTG….y peor por Fusión un concepto que jamás Hiba a funcionar..durante este periodo de tiempo despidieron a muchas personas para sustituirlos por gente mediocre….recuerda rating que se va no vuelve.

  4. james says

    April 13, 2018 at 5:43 AM

    Es vergonzoso que hasta tuvieron que contratar a una empresa privada en Boston quienes decidirán el futuro de cada departamento y sus empleados y eso cuesta dinero….

    • Elin Touchable says

      April 13, 2018 at 7:49 AM

      Ahora falta que los dueños de esa compañia sean amigos de Itzsak

  5. Manny Restrepo says

    April 13, 2018 at 10:41 AM

    Wow… nothing new. Univision slogan is: “Se Habla USA”… Ahora debería ser “Univision ya no habla en USA”.. El peor invento de los colombianos esos de ahi es la vaina esa “Univison Digital” y todos sus conductores que insisto son las ‘sobras” de los otros noticieros. Viva Colombia

    • Emilio Larrasca-Ilagarra says

      April 16, 2018 at 4:38 PM

      no comprende

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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