On March 19, 2009 when Sportnet and GrindTV announced that they were joining forces to create a super online sports company backed by Softbank Capital many wondered how long it would take the new company to realize efficiencies in the work force. The answer: about 10 days.
According to sources familiar with the situation more than 30 people were relieved of their duties at Sportnet yesterday, leaving the group with approximately 12 employees. Apparently, GrindTV co-founders Erik Hawkins and Greg Morrow are holding on to the individual site editors (which is good) and their own employees, as GrindTV staff reportedly did not experienced any cuts yesterday.
