Talk show host Oprah Winfrey’s Network (OWN) has laid off over 30 employees, as announced on Monday April 19, 2012
In a statement Oprah said “The decision to let off one-fifth of their staff which includes two high level executives was a ‘tough one’ but economics of a start-up cable network didn’t fit with the company’s cost structure”
she also added “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”
Oprah started her talk show in 1986 which ran for 25 seasons and concluded it in 2011, before venturing into television network in 2012.
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