According to our sources, the network notified those employees who were losing their jobs via a text message, and were given pink slips by its human resources team.
"Nakakagulat na ganito ang kinalabasan na hindi man lang inisip ang kalagayan ng mga kasamahan namin," says a source, who asked not to be identified. "Ilan sa kanila inescortan pa palabas. Nakakabigla itong nangyari at siguradong maaapektuhan ang newsgathering namin."
He added, "As a result of an extensive study, it has become evident that some jobs and skills will no longer be required by the company, while some other positions are deemed overmanned."
TV5 for the past years has implemented a number of cost-cutting measures to reduce its losses. In an interview with Philippine Daily Inquirer in 2014, network chairman Manny V. Pangilinan predicted that they would “most likely” recovered by this year.
A second round of job layoffs, according to our sources, is expected next week.
We have reached out to TV5 for an official statement regarding this news. We'll update this post once we hear from them.
If you have news tips, be sure to let us know by using our tip box (click here). You can also email us at email@example.com.