(AllHipHop News) Revolt, the television network launched in 2013 by Sean "Diddy" Combs, is undergoing restructuring. Variety reports the company will lay off about 50 employees which makes up about one-third of its staff.
"We will work with more outside voices, producers, and influencers while maintaining a strong editorial core in-house. We will also create a more healthy and stable business base from which we can grow," wrote CEO Roma Khanna in an internal memo. "And we continue our proud record of being over 65% culturally diverse and nearly 50/50 gender balanced."
She continued, "Change can be difficult. This move is about strength and growth. As one of a very small handful of networks owned and controlled by the African-American community, we need to ensure we remain fiscally strong so that we can continue to authentically represent the culture.”
Revolt is said to be downsizing to reallocate resources to expand its TV and social media content focusing on Hip Hop culture. Content operations will take place in Los Angeles and a sales office will remain in New York.
Shows such as The Breakfast Club, Drink Champs, The Gate, and Decoded air on the cable channel. Revolt currently has 598K followers on Instagram, 334K followers on Facebook, 221K followers on Twitter, and 266K subscribers on YouTube.