Thread regarding Paramount Global layoffs

@ad Any updates on layoff windows? Think it will be Nov 16 week of? or later? Insights?

When people say stuff like “SVPs” were told to give lists, you show how junior and not plugged in you are. Level 2s and department heads are the ones who make these lists. They pull in people they trust to build our the orgs to meet the financial tasks.

The latest variety article has a few sentences where they mention layoffs expected before end of year extending into early 2027. Wonder how that’s going to play out.

Why is the layoff window before or after thanksgiving? Is this speculation?

Will offices outside of US be affected?

@gr from what I’m hearing is the WB pays more. If I need to save money I’m getting rid of the people who just got bought and is getting paid too much

Without knowing inside info, when it comes to layoff odds, I’d say it’s not good to be wb folks (paramount cable already went through cuts). Also if you are support/back office for anything paramount that has moved from ny to la, you’re probably gonna be replaced by wb la based back office

Maybe that “Thank You for Your Leadership” Thanksgiving card that people on one floor in the NY office are signing and planning to send to DE will somehow help postpone the layoffs.

More people leaving this time because it’s wb employees and they get better severance than what paramount gets.

@c1 was it a credible source? Across both orgs?

@af It doesn’t take a “reliable” source ( cough, cough James) to figure out that streaming will endure big cuts after the bundles launch. DE literally said there will be one streaming platform by the end of next year. You don’t need anywhere near two full teams to run that.

@c1 This feels a little overdramatic. I know with last year’s RTO, the rate of attrition was much lower than expected. And I believe corporations have very good data on the percentage of people who are likely to accept a buyout. So yes, I think there is a very significant portion of the population that does not like DE or the direction the company is going, but given that the VBO offer really carried very little incentive to leave (even for WB who were offered 3 weeks per year worked vs. 2 weeks for Paramount employees) I would predict the company will still see significant layoffs. And I guarantee they are in no danger or not being able to operate based on VBO alone.

@c1 curious how many people accepted the buyout. Does anyone have a final count?

After layoffs are done will my hard work and obedience in driving hours every day to sit and work in an empty office be rewarded? Or will I be laid off too? When will the beatings stop?

@c6 they did layoffs right at Thanksgiving and a few days before Christmas last time.

@c6 right. Because the Nepo baby really cares about us.

Wasn't it mentioned just recently in another thread that DE wouldn't do layoffs before the holidays so as not to ruin them?

So just heard that leadership was expecting X and got a very high rate of buyout takers. Like almost triple of what they were aiming for. That percent is high enough to wonder how the company will even be able to function....

Are we talking about WB aswell in this thread or just what remains of paramount?

@bf for VBO yes. For layoffs, all it says is same pay severance. The word “pay” is key. Legacy Paramiunt RSUs will vest regardless for all involuntary separations.

@bc last fall, people were laid off and gone in a week. They didn’t get their bonus. Their termination date was the last day of work, not the last day of their severance. Anyone that gets laid off before end of year is not guaranteed a bonus payout.

I’m pretty sure the bonus question was addressed in the separation FAQs and employees were getting them.

@ak bonus?!

@ak Because of “in lieu of pay” no one at this point would have a true end date before the end of the year (they will stop working the same day or a week, but continue to get paid for 2 to 3 months, depending on whether they are in CA or NY) so they should still get their bonus.

@ay Is this merely because the OP asked for civility? These threads easily get derailed by people’s jokes, hurt feelings, tangential ramblings so it’s a reasonable request for the bulk of people who are just here for a fact finding.

@b4 Most likely not a good sign for your SVP in terms of their longevity.

My svp wasn’t asked to compile any lists. Maybe it depends on dept and whether you are at wb v paramount

what a dou--e

@ay sir, this is an Arbys.

It's very considerate of you to inform those who lurk and post on this board, of the layoff information you've chosen to share.
However, please keep in mind that You don't get to police the content of other people's comments.
You are not the moderator or arbiter of what anyone else chooses to post here.

Just as you have the freedom to choose what and how you post here, others have that same freedom of choice, and you are in no position of power here to tell others how they should post; nor is it your place to put conditions on how others should or shouldn't respond to what you've chosen to say.

You are an equal here, along with everyone else.
You are not special or sitting on a privileged pedestal of proclaimations.
You are not the boss of anyone here, this is a place of FREE SPEECH for ALL!

Su-ks for those laid off before 12/31 and potentially lose their bonus. It’s going to be brutal

from what should be a very "reliable " source
streaming will have massive cuts in february - perhaps smaller leadership ones before end year -maybe the end year one is the 10%

Potential layoff windows are November 16–20 and November 30–December 4.

Thank you for this information