FTVLive told you that Al Jazeera America is closing down and laying off the staff. Now word comes that big brother Al Jazeera is going to slash hundreds of jobs starting Today. 

It seems that the network that bragged about having unlimited funds, is running out of money. 

Al Jazeera America is down to it's last 2 weeks and will send 700 staffers to the streets. Al Jazeera is expected to lay off around 500 people this week. 

All told, Al Jazeera's various channels employ about 3,500 people.

1200 of those people will be gone in the next few weeks.

Ouch!