Thursday, March 29, 2007

Discovery Trimming Down?

Will April 9th, 2007 be a date that lives in infamy at Silver Spring’s most prominent employer? A dark cloud is hanging over One Discovery Place, where rumors are swirling over a mass layoff that may or may not happen on that date. Details are still sketchy (at least to all but the higher-ups), but if true, these cuts would follow the gutting of the education division that occurred late last year. It has been speculated that as many as 500 employees may get the ax, although certainly all of those wouldn’t come from the Silver Spring office. Apparently, it has become such common knowledge that even Elliot of DC 101 has been talking about it on his morning show. Expect a run on tissues at local drugstores a week from Monday.

This may be the next stage in a master plan to take Discovery public. Earlier today, Discovery paid $1.275 billion (and the Travel Channel) for Cox Communication’s share of the company.

No word if the company's cost-cutting measures will preclude the return of Chompy. Let's pray to God they don't...

UPDATE: Here's some (leaked) details about the layoffs, via Broadcasting and Cable.



6 comments:

Nikki said...

What a cute picture!

Anonymous said...

Getting fired would not be cute

Terry in Silver Spring said...

So, are the firings part of the restructuring the NBC guy is doing? Is Discovery in actual need of restructuring? From the outside, they seem like a strong and respectable business.

Anonymous said...

Terry, in a word, yes.

Nikki said...

I know its not cute. I got fired in October and am still unemployed.

Tina said...

How hard is it to get into Discovery to work? And even then how is the job security?