Categorized | Digital, TV & Radio

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

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.

This post was written by:

- who has written 4781 posts on Media Moves.

I'm an Emmy award-winning journalist, who's worked as an on-air reporter in Spanish and English-language television news. I've worked for Univision, Telemundo, CNN en Español and Los Angeles Fox and UPN stations before diving into a convergence model at the San Jose Mercury News. I have also held management positions in the online digital sphere - first as Managing Editor of IntersectionsSouthLA.org, followed by a role as the West Coast Web editor for impreMedia. I was president of the National Association of Hispanic Journalists from 2004 to 2006. I am also a freelance writer, reporter and producer. I founded Media Moves in June of 2007.

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9 Responses to “Univision Planeta axed, Fusion and Univision Digital hit with layoffs; more job cuts coming”

  1. Curramba says:

    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:

      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:

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

  3. james says:

    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:

    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….

  5. Manny Restrepo says:

    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

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Veronica Villafañe, Editor and Publisher

Veronica Villafane

I'm an Emmy award-winning journalist, who's worked as an on-air reporter in Spanish and English-language television news. In addition to running Media Moves, which I founded in 2007, I'm a regular contributor to Forbes, writing about Hispanic media and entertainment. I am also a freelance writer, reporter and producer. I've worked for Univision, Telemundo, CNN en Español and Los Angeles Fox and UPN stations before diving into a convergence model at the San Jose Mercury News, later becoming a digital media manager. I was president of the National Association of Hispanic Journalists from 2004 to 2006, and inducted into the Hall of Fame in August of 2016.
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