Diddy’s Revolt Media and TV Lays Off One-Third of Staff
Diddy's Revolt Media and TV has laid off one-third of its staff for restructuring, according to Variety.
The company is downsizing " in an effort to reallocate resources and expand the scope of its content production operations," Variety reports. Specifically, Revolt TV is laying off 50 employees, which amounts to one-third of the staff across offices in Los Angeles and New York.
“We will work with more outside voices, producers, and influencers while maintaining a strong editorial core in-house. We will also create a more healthy and stable business base from which we can grow. And we continue our proud record of being over 65% culturally diverse and nearly 50/50 gender balanced,” CEO Roma Khanna wrote in a memo to staff on Tuesday (May 8) . “Change can be difficult. This move is about strength and growth. As one of a very small handful of networks owned and controlled by the African-American community, we need to ensure we remain fiscally strong so that we can continue to authentically represent the culture.”
The lay-offs come as the company intends to focus on producing broader long-form and short-form content which will focus primarily on lifestyle and culture, fashion, art, comedy, and social justice. The content operations for Revolt will be concentrated in L.A., while the sales operations will be housed in NYC.
Diddy hasn't responded formally to the lay-offs, but he was definitely fresh at the Met Gala earlier this week, donning a Pope-inspired ensemble, with Cassie on his arm. He also delivered a heartfelt tribute to his mother, Janice Combs, during VH1's Dear Mama special which aired on Monday.
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