How Univision Is 'Reimagining' Its Future During Its Business Review

'Yes, we are cutting costs and laying off employees'

Univision chief revenue officer Tonia O’Connor began this morning’s pre-upfront press breakfast acknowledging “the elephant in the room.”

“Yes, we are going through a business review. And, yes, we are cutting costs and laying off employees. But that’s not the only part of the story,” O’Connor said, adding, “Yes, we are a growth company.”

The network has laid off 150 employees in the last several months, including the departures of high-level executives Felipe Holguin, CEO of Fusion Media Group, Daniel Eilemberg, president of Fusion cable network, and Raju Narisetti, CEO of Gizmodo Media Group.

CEO Randy Falco will be departing at the end of the year.

“We

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