Current TV, Al Gore’s nearly viewerless cable news channel, is slashing its its staff by 80 people.
But do not make the mistake of thinking the layoffs had anything to do with cutting costs. Hell, no. The company said it’s all part of a reshifting of priorities.
The priorities that reshifted were, of course, the company’s and not the employees’.
Here’s how Current attempted to spin the bad news:
This re-organization was not the result of a need to cut costs. Current Media will have its most profitable year. This financial stability will allow the company to re-allocate resources in order to put further emphasis on areas of the business believed to best position Current Media for continued long-term growth.
Not the most believable spin in the history of American business. As Gawker.com noted, “…when a company cuts 80 employees from a total staff of 380, it’s pretty absurd to claim this 21 percent payroll decrease isn’t about reducing costs, especially after the network cut 60 jobs a year ago.”
In other news, the Obama administration announced that although 80 jobs had been slashed at Current TV, 300 had been saved or created.
All hail the Goracle. All hail the stimulus.
Source: Gawker
