“We have eliminated around 100 positions in the U.S. and are considering some additional redundancies in Europe, UK and Japan, specifically in radio and television,” Bloomberg’s head of PR, Judith Czelusniak, tells TVNewser. “We’re reorganizing the radio and TV operation into an English-language global 24/7 business network.”
Despite the cuts in TV/Radio, Bloomberg is “hiring around 1,000 employees this year in print news, product development, sales and customer service.”
The major shake-up comes less than four months after Bloomberg’s new CEO, Andy Lack, took over the network. “The business television viewer needs a universal perspective that is not now available on any financial network — and only Bloomberg has all the pieces,” says Czelusniak. “Andy is here to put those pieces together into a global network.”
Yesterday TVNewser reported Mike Schneider had been let go from the network and his 10pmET show “Night Talk” canceled. That followed the departure of Bloomberg TV (U.S.) managing editor John Meehan last month.