OPRAH WINFREY'S NETWORK (OWN) SACKS 30 EMPLOYEES

Lord this is one of the hardest decisions of my life, please help me to do it right 

On Monday, OWN (Oprah Winfrey Network) announced the laying off of about 30 employees in order to re-structure for long-tem success.

According to the CEO, Oprah Winfrey:

‘It is difficult to make tough business decisions that affect people’s lives, but the economics of a start-up cable network just don’t work with the cost structure that was in place,’ Winfrey said.

‘As CEO, I have a responsibility to chart the course for long-term success for the network. To wholly achieve that long-term success, this was a necessary next step.'

OWN is co-owned by Oprah Winfrey’s Harpo company and Silver-based Discovery Communications with network operations in Los Angeles and New York. However, with the new restructuring, Discovery Communication executives will take more active roles in the channel. Neal Kirsch, chief financial officer of Discovery's U.S. networks, will move to OWN as the chief financial officer and chief operating officer, reporting to OWN presidents Erik Logan and Sheri Salata.

The channel is banking on a boost from the second-season returns of "Oprah's Life Class" and the reality series "Welcome to Sweetie Pie's."

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