NTV suffered a major setback about two months ago after their popular YouTube channel was flagged in what was a clear copyright infringement.
On the fate of the employees, Machoka expressed his regret as the move is likely to lay off a number of the staff.
He however pledged to help them manage through this tough transition.
The rationalization steps are effective from today 30th June.
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ALSO SEE: AFTER SEEING THIS, YOU WILL NEVER BUY ROADSIDE SUGARCANE, aka MIWA, EVER AGAIN....THIS IS COMPLETELY GROSS (PHOTOS)