Current Cuts 80 Staffers Amidst Most Profitable Year Ever

In what is being described as "a major bloodbath," 80 employees between Los Angeles, San Francisco, New York and London have been cut from Current's payrolls, reports SFist via Techcrunch. Current says, however, that it is not a cost-cutting move, rather a result of less in-house programming and more outsourced productions. That's not to say all in-house has been cut, television production and programming development will be consolidated "under one roof in Los Angeles with new facilities at LA Center Studios," says the company, which is having its most profitable year since their launch.