BUSINESS BLOGS
BUSINESS BLOGS
category: business
11 Nov 2008

Wow.  Crazy stat of the day.  How many staffers do you think Current has?

30?

50?

100?  Sit down, grab some crazy pills.

How about 410… after they lay off 60!  410?  Via Valleywag:

Hi Paul,

The company statement is below. For what it’s worth, I’d be very appreciative if you used the entire statement:

“Current Media today announced changes to its structure and staffing. Approximately 60 positions have been eliminated in the company’s three U.S. offices and approximately 30 new positions created. Many of those whose positions were eliminated have been placed in the new positions. Current will have approximately 410 employees (after these staffing adjustments). These changes result from the development of a new, innovative programming strategy built around eight cross-platform channels, including news, comedy, music and technology, slated to premiere in the first quarter of 2009. Current’s new programming strategy expands upon its pioneering use of viewer created content to include additional opportunities for participation, creating a far more viewer-influenced network, and further unifies the Company’s online and TV platforms by having each web channel paired with a companion TV show. In addition, these changes enable Current Media to reduce its cost structure, thereby assuring that it will be comfortably profitable in 2009 regardless the depth and length of the recession.”

What for?   To carry around Al Gore’s ego?  Sheesh.  If a company can lay off 60 and still operate as if nothing happened, my question: what were they doing on staff in the first place?