Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (67081)	2/15/2001 6:50:37 PM
From: Tim Luke	Respond to of 122087

CNBC Lays Off 45 People The Associated Press Thursday, Feb. 15, 2001; 4:06 p.m. EST NEW YORK –– CNBC is laying off 4 percent of its staff as part of a belt-tightening drive and an additional 26 jobs are being lost at CNBC.com as the financial news network combines the online unit with its television operations. The elimination of 19 jobs at CNBC disclosed Thursday were part of a company-wide cost-cutting effort implemented at NBC, a unit of General Electric Co., in response to a sharp slowdown in advertising sales. The cuts leave CNBC with a staff of 500. The company-wide plans, announced about a month ago by NBC chairman Robert Wright, call for cuts of between 5 percent and 10 percent in all divisions of NBC, which would result in a total of up to 600 jobs out of NBC's total work force of about 6,000. CNBC spokesman Paul Capelli said the cuts came in all divisions of CNBC and CNBC.com, which are being consolidated under a management reorganization plan announced last week. Capelli confirmed the cuts Thursday, which were reported in the online edition of The Wall Street Journal. As part of that plan, Pamela Thomas-Graham, who had been president of CNBC.com, will become president of CNBC. She replaces Bill Bolster, who is assuming the new title of chairman.