TechTV Cuts 130 Staffers11/25/2001 7:00 PM Eastern
Hit by the meltdown in the technology sector and the sour economy, Techtv on Dec. 16 laid off 130 employees, according to officials.
The layoffs, at its headquarters in San Francisco and its New York office, will affect all areas of the technology information and news network.
Paul Allen's Vulcan Ventures owns Techtv.
Techtv, which reaches 28 million homes, is also cutting back on live original programming, which will drop to six and a half hours a day from 11, according to Alyssa Donelan, senior director of corporate communications. The network had expanded that "Tech Live" live segment in April.
"The business changes we need to make are difficult and reflect the volatile economy we are all faced with," Techtv chairman Larry Wangberg said in a prepared statement. "We must focus on what is best for our business success, while at the same time do our best to have the least possible affect on our associates. We are confident that Techtv will continue to provide its customers with the unique programming that they value and expect from us."