Layoffs Imminent At Universal
It’s only about 70 people out of workforce of 2000-plus, but Universal corporate executives Mark Shmuger and David Linde told employees via an email that the force would be reduced. Universal confirmed the layoffs.
Below is the note:
Dear Colleagues
As we strive to meet the challenges presented by the struggling economy, leaders from every department at Universal Pictures have worked hard to identify cost saving measures in many areas of our business. Those measures include scaling back on travel, overtime, consultants, premieres, conferences, newspaper marketing and general administrative costs.
While
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in