Wednesday, November 12, 2008

'Don't Worry, Your Positions are Secure'

Be afraid, be very afraid when you hear those words in these difficult economic times.

When those words comes from someone at Al Gore's company, make sure your resume is updated.
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. "Many of those whose positions were eliminated have been placed in the new positions. Current will have approximately 410 employees (after these staffing adjustments)."

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

Current had announced less than a day ago that it had partnered with the Canadian Broadcasting Corp. to bring its network to Canada. Current's plans for an initial public offering are on hold, employees have told CNET News. The company filed for an IPO in January.
Pity the poor Canadians.
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."
On the upside, at least they remain on the technological cutting edge.
At least one Current employee, associate producer Andrew Schneider, has Twittered his departure. The company "just laid me off with a ton of my colleagues," Schneider wrote.
So while Al Gore rakes in mega-millions promoting his global warming scam, the little people at his company are tossed out in the street.

Such compassion.

Instapundit links. Thanks!

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