Dr. Phil's Merit Street Media Faces Major Layoffs

The media company, launched earlier this year, cuts nearly a third of its staff amid internal restructuring efforts.

Approximately 40 employees, mainly from the news departments, were laid off without severance.
The layoffs affected both new and existing staff, causing significant upheaval and uncertainty.
Some employees had relocated for their roles only to find their positions terminated unexpectedly.
Merit Street Media cited the need for 'efficiencies' and 'synergy' as reasons for the job cuts.
The company continues to produce 'Dr. Phil Primetime' and other programs despite the disruptions.