The NBC 2.0 reorganization is coming up on its first year and the initiative has resulted in more layoffs at MSNBC. An insider tells TVNewser employees in editing and promotions were let go Tuesday.
Last October, then-NBC CEO, Bob Wright said the company-wide initiative would reduce NBC’s annual expenses by $750 million by the end of 2008. Wright added NBC would slash “approximately 700 positions.”
MSNBC’s move from Secaucus, NJ to NBC’s headquarters in New York City is still on schedule for October.