Discovery Inc. to Lay Off 212 Employees on Oct. 1 in Advance of Relocating to NYC
Discovery Inc. will lay off 212 employees on Oct. 1 as part of the relocation of its headquarters from Silver Spring, Md, to New York City, reports Washington Business Journal, which added that a company spokesman “declined to comment on what specific jobs would be affected and would only say the layoffs are related to the closure of the company’s Silver Spring headquarters.”
According to WBJ, in January, Discovery announced plans to move to New York by 2019. It closed in March on its $14.6 billion acquisition of Knoxville, Tennessee-based Scripps Networks Interactive Inc.,”bringing a slate of cable channels into its stable. Its portfolio now includes Discovery Channel, HGTV, Food Network, TLC, Travel Channel, Animal Planet and the Oprah Winfrey Network. It also has a large presence in Europe, including sports network Eurosport.”
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