PRNewser FishbowlNY FishbowlDC GalleyCat TVNewser TVSpy LostRemote SocialTimes

MediaVest Makes Some Cuts

It looks like it’s another case of “realignment” this time around as MediaVest USA, which split the $1B Microsoft media biz with Universal McCann earlier this year, has had to let go of some staff across departments in the network. The memo, which was sent out today, reads:

“MediaVest routinely evaluates all facets of its business across capability, approaches, product, and staffing to evolve ahead of the pace of change, drive growth, and deliver on clients’ short- and long-term goals. Guided by these points of focus, MediaVest is restructuring and realigning talent, including a 4% reduction of effective positions. We refrain from sharing further details and do not intend to make any additional announcements or comments externally.”

The “4%,” which translates into about 30 employees, is in line with the number given by tipsters, who add this line that wasn’t part of the statement given to us: “All impacted employees who can be contacted will be notified today.”

Mediabistro Course

Mediabistro Job Fair

Mediabistro Job FairLand your next big gig! Join us on January 27 at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, and land your next job. Register now!