Eden Prairie, Minnesota-based IV Media, a cable, satellite and broadcast home shopping television network and multi-channel video retailer, has announced a reduction in force.
The personnel realignment will impact 122 employees and is scheduled for February 24. 2025.
A company statement noted, ”As consumer behavior shifts and more customers move away from traditional cable services, we are embracing new opportunities. By focusing on innovative strategies such as produced content, social selling, and video-on-demand, we are ensuring we meet our customers where they are and deliver the experiences they value most.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?