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        <title><![CDATA[Layoffs coming at NBC News]]></title>
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        <lastBuildDate>Wed, 05 Aug 2020 16:31:33 +0000</lastBuildDate>
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            <media:title type="html">Layoffs coming at NBC News</media:title>
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        <content:encoded><![CDATA[<p>NBC News will layoff a&nbsp;slew of staff as a result of the COVID-19 pandemic, Page Six is told.</p><p>On Tuesday, multiple outlets reported that its parent company NBCUniversal planned to&nbsp;make widespread cuts at its operations across the country.</p><p>Now sources tell us that some of those layoffs will be at NBC News, which produces flagships including &#8220;NBC Nightly News&#8221;&nbsp; and the &#8220;Today&#8221; show. We&#8217;re told that just under three percent of the workforce at the famed news division is being axed.</p><p>We revealed on Tuesday that <strong>long-term producer Jackie Levin</strong>, who helmed the 9 a.m. hour of &#8220;Today&#8221;, has accepted a buyout. She&#8217;s leaving the network after 26 years.</p><p>The cuts will be made across “all aspects” of staffing, we&#8217;re told.</p><p>A source said: “People are being told today — it’s what everyone had feared. This is not an easy time for anyone.&#8221;</p><p>NBC reported on Tuesday that the cuts across NBCUniversal will affect less than 10 percent of NBCUniversal&#8217;s overall workforce of 35,000 employees.</p><p>The layoffs will be company wide, hitting broadcast and cable networks, as well as its movie studio and theme parks.</p><p>It&#8217;s been a rough time for all major media companies.</p><p>Disney has made staff cuts, and WarnerMedia is expected to start cuts later this month, according to The Wall Street Journal.</p><p>An NBCUniversal spokesperson confirmed the layoffs and said they were the result of company restructuring as well as the pandemic.</p><p>NBCUniversal and Disney have been hit harder than many media companies because they also run major theme park businesses that have been forced to&nbsp;close during the lockdown.</p><p>NBCUniversal, which is owned by Comcast, reported a 25 percent decline in revenue for the second quarter. Disney said it took a $1.4 billion hit due to coronavirus-related expenses. <strong>Bob Iger has already returned</strong>.</p><p>NBCUniversal also implemented a pay cut for senior managers and some well-paid employees in May.</p>]]></content:encoded>
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