TechTV told 285 San Francisco employees on Thursday that their jobs are being eliminated, a move that was widely feared by workers after Comcast announced in March that it would acquire the technology cable channel.
Comcast will merge TechTV, owned by Paul Allen's Vulcan Ventures, with its own G4 video game network when the buyout is finalized next week. David Shone, a spokesman for G4 TV, said the company plans to hire 80 people from the San Francisco office to work at the game channel's Los Angeles headquarters. Employees were given two months' notice and various severance packages, he said.
"Today we gave notice to 285 employees that they'll be impacted by the merger," Shone said. "We wanted to give employees as much notice as possible so that they can begin to make other plans."
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News source: C|Net News
