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OWN To Lay Off 1/5th Of Its Staff

Shadow and Act By Sergio | Shadow and Act March 20, 2012 at 8:27AM

I've said it before and I'll say it again. It ain't easy to start a televison network. It's painful, difficult, expensive and very bloody. The survival rate is thin and there are a lot of bodies left in its wake after all is said and done.
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OWN

I've said it before and I'll say it again. It ain't easy to start a televison network. It's painful, difficult, expensive and very bloody. The survival rate is thin and there are a lot of bodies left in its wake after all is said and done.

So with that OWN has announced that it will be laying up 1/5th of its total staff, up to 30 people, and restructuring its operations in New York and L.A.

In an official statement Oprah Winfrey said that the decision to let the employees go was a "tough" one, but that the "economics of starting up a cable netwrok did not fit OWN's cost structure".

She further said that: "as CEO I have a responsibility to chart the course for the long-term success for the network. To wholly achieve that long term success, this was the neccessary next step."

What positions were cut were not announced, but that the responsibilities of the laid off workers would be distibuted among the employees who will remain at OWN.


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