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-Signs, Portents, and the Weather-

Layoffs hit Al Gore's Current Media

2008-11-12

There have been layoffs at Current Media, the cable network co-founded by former U.S. Vice President Al Gore.

A statement from Current put the number of layoffs at about 60 positions, with 30 more to be refilled, the company said in a statement. That's less of a hard hit than the 20 percent cuts that a source close to Current hinted to CNET News on Tuesday. The statement read: "Approximately 60 positions have been eliminated in the company's three U.S. offices, and approximately 30 new positions created," the statement read.

The source also said additional layoffs would be coming in January, which a Current representative denied

Posted by:Frank G

Approached outside the company's San Francisco headquarters, one laid-off Current employee said that she hadn't seen it coming.

"Not only was this uncalled for, but there was continuous deliberation during the last two or three months," the former employee said. "Every meeting we've had with the VP of our department has been a lot of 'Don't worry, your positions are secure.' And that has been repeated for the last two to three months."

Quoted at Jammie Wearing Fool.

Posted by: Mike 2008-11-12 14:26

#6 Layoffs for a merger?

Posted by: swksvolFF 2008-11-12 12:05

#5 Has he cut his gas and electric consumption at his humble little abode yet?

Posted by: Alaska Paul 2008-11-12 11:47

#4 Can't he get the government to bail him out?

Posted by: Ebbang Uluque6305 2008-11-12 11:26

#3 So how is this gonna effect their ~~swindle~~ carbon credits?

Posted by: DarthVader 2008-11-12 11:15

#2 snicker....

Posted by: 3dc 2008-11-12 10:56

#1 So no layoffs in the Tehran office yet, that's a relief.

Posted by: bigjim-ky 2008-11-12 09:38

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