ZDNet Australia has been told by a reliable source, who wishes to remain anonymous, that speculation is high that Spike executives have told staff that their jobs cannot be guaranteed beyond the short term.
A senior Spike executive has refuted the rumours of an imminent closure, and denied there are plans for layoffs.
-Rumours are just that: rumours," Spike communications strategist Tim Mendham told ZDNet Australia. -Our doors are open on Monday. I was just at a meeting where we were planning our next hundred days."
Trading in shares of Spike Networks was halted today pending the release of a company announcement, which is expected early next week.
boring hack journalism; more creativity than a american accountant.