Several insiders have been telling me that Univision will be announcing layoffs in March. The numbers vary greatly. One source says the Spanish-language network is looking to unload over a thousand people. The number was too great and the tips received too many to ignore, so I contacted a Univision spokesperson, who said the company does not comment on rumors.
However, the reality is the company is $10.8 billion in debt. According to a report on Crain’s NY, the company has been doing a lot of cutbacks in recent months and is likely to be hit with a round of layoffs. They cite a recent letter from CEO Joe Uva to employees warning “Additional steps may need to be taken,” in order to survive the steep recession.
Hola Veronica,
I noticed a few month ago that Enrique Gratas had been missing from ULTIMA HORA. I often watched that show at night to get a snap shot of the day’s current events as it relates to us (Latinos in the US).
At first, I simply assumed Mr. Gratas was on vacation, but it soon became evident that something had happened. A few search engines later and I found your blog! It definitely breaks my heart to lean that such a fine Journalist has been let go.
You know who UNIVISION should fire? They should let go that loud-mouth Pablo Ramirez.