OXYGEN Lays Off 60 People

(From Cynopsis)

With its acquisition of OXYGEN by NBC UNIVERSAL, came layoffs.

60 people, or approx 25% of the staff, were laid off in OXYGEN's New York, Los Angeles and Dallas offices, and according to reports range across all departments and levels.

NBC signed papers to picked up the female-targeted network in November and paid a reported $875 million. 

Laid off employees will either be paid thru to the end of the calendar year and/or provided with a severance package, or will be offered another position within NBCU where available.