Founded in 2005, Current TV is billed as the “the world’s leading peer-to-peer news and information network,” with shows “produced and programmed in collaboration with its audience.” The station broadcasts on cable and satellite networks in the US, UK and Italy.

Valleywag reports a tipster saying that the cuts are being referred to internally as “Bloodbath” but we have no official word from the company as yet. The 32 number also comes from Valleywag, with earlier reports suggesting it may have only been 10 people.

According to BNet, the cuts were being made in Current TV’s San Francisco and Los Angeles offices, and the company may be planning to “drop its shorter UGC videos in favor of the more traditional 30 minute programs that have long dominated television programming across all channels.”

Update: reports suggest the number is 60, but the net is 30 as Current TV has created 30 new positions

Related posts:

1. Virgin Media cuts 15% of workforce
2. CondéNet cuts: Wired.com lays of 25% of staff
3. Hearst may close San Francisco Chronicle unless union accepts cuts

The new cuts come on top of 4,000 jobs being cut following the NTL Telewest merge in late 2006.

In a statement reported at Variety, Virgin Media CEO Neil Berkett said: “These changes are critical to ensuring Virgin Media is positioned to compete effectively and deliver on our customers’ changing expectations. Over the coming weeks and months, we will be developing more detailed proposals for their implementation.

The majority of the job cuts will take effect from the last quarter of 2009.

NASDAQ listed Virgin Media is the United Kingdom’s largest cable provider, and the company also offers a quadruple play of mobile, telephone, cable and internet access.

Related posts:

1. Buzz Media cuts 20% of workforce
2. Fox Interactive Media cuts 5% of workforce
3. Media Briefs: Washington Post mixed results, Conde Nast makes cuts