In order to integrate Comedy Central with Viacom’s MTV Networks, which purchased AOL Time Warner’s half-interest in the network in April, Comedy Central on Tuesday announced the layoff of 20% of the company, which affected many different areas, particularly departments that would overlap with MTV’s centralized operations, including affiliate sales, legal, finance, human resources and research.
“This has been a very difficult process for us to go through,” the network said in a statement. “We truly have some of the best and brightest people in the business at Comedy Central and, unfortunately, implementing the integration plan means that some very capable, devoted and hard working people will be leaving us.”
Source yahoo.com.
