Back on December 10th, FTVLive FIRST told you that Black News Channel was pulling the plug on their live shows on the weekend.

On the 10th, FTVLive wrote, “Obviously, pulling the plug on live weekend coverage is a cost-cutting move and many believe it could be the first of many.”

Well, it appears we nailed that one.

Black News Channel boss Princell Hair sent a memo to the staff, telling them layoffs are being implemented and the struggling channel is reducing the workforce.

Hair did not say how many people are being whacked right before Christmas, but BNC insiders tell FTVLive that the number is significant.

Here is the memo, obtained by FTVLive: