Asking for a friend as it appears the states have settled
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I see that palantir - our sister company - is scraping this page every twenty seconds - just watch page count go up every 20 sec regardless of the time of day. surveillance bros in the csuite and in gov. we r just here to be manipulated and exploited
@1e6 Lol - bookmarking this for 10/27 to come back with an “ I told you so.”
it's october / i don't have a date - it's a smaller round that affects both companies some executive announcements next year is the much bigger round
someone may know the actual date
People in the NY offices in person seem to know a fair bit
WBD has this planned as well before the merger lawsuits etc ..
@1e2 and probably a wrong prediction
Educated prediction would be end of October. Assuming the merger deal closes on time (this week,) they would announce the last week of October with 10/30 as final work date so they can pay the 2 months “in lieu of” pay to skirt the WARN Act and have everything neatly wrapped up by the end of the year, so they can start January with fresh books. Just a prediction from someone who is not at their first rodeo.
@1c1 if I had to guess any back office in ny that doesn’t need to be there because they work with mostly west coast based business. Also anyone anywhere who doesn’t want to rto except tech people.
@1bg in your opinion which teams will be hot hardest from both companies
Maybe it depends on the dept but I’m an svp and haven’t been told or asked anything. Of course I also feel there’s no room to make more cuts. Totally believe de will stick with his people for the most part except cb and a few others. Paramount ops finance and others all helped on merger stuff so they will be looked at more kindly than wb. Wb folks may think they’ve seen layoffs but paramount had way more last 4 years when looked at as a percentage of total staff. There’s still some fat to trim at par movie studio and cbs but wb is bloated in comparison. There’s not even any sports worth watching at wb. Anyway good luck to all everywhere.
If anyone hears anything about layoffs at CBS (not CBS news because they’re safe in this deal right?) please spill the tea.
i have heard from a svp assistant - take it as you will bc it's rumour site - i don't have a date but october -names have been turned in - i don't work under them so could me /
cable across both companies again taking a hit - i know - what's left of P cable
re the steaming wars- CB from HBOM is staying- there have been meetings with DE and SD and CH since the settlement so some deal must be in place for both of them
this SVP has been in them ..CB is fighting to keep his marketing and pr team in place -
this is third hand knowledge so who knows
good luck folks ..
@1a6 I have heard similar regarding, "who it would be hard to lose".
There are lists somewhere.
@1a0 Was told the same thing about not being able to hire any new folks with the insinuation that they would need to offer any open headcount to WB employees first.
@174 Agree that most of the decisions are made at higher levels without really consulting managers, but I am a VP and I have a senior director colleague, and we were both specifically asked in a roundabout way who it would be hard to lose. So you don’t have to believe me, just sharing my personal experience.
Also agreed that P+ will most likely come out on top and the streaming war.
And for the person who was quoting DE with the “one and done,” I don’t think you’re the same person who likes to troll by lauding DE’s saintly qualities, but that quote was in reference to layoffs just within P+ when Skydance acquired us. There is 0% chance there will not be massive layoffs in this instance. You simply cannot combine two giant studios and take on that much debt and justify keeping a ton of duplicative employees.
After the last layoff, DE said it was a one-time thing and that’s it. But honestly, I’m taking those words with a grain of salt. I definitely don’t believe that sh-t. I have no respect for people who only talk, while their actions tell a completely different story.
@1a0 I also doubt hbo will take any lead in streaming. It’s highly unlikely CH is going anywhere. She was appointed by DE before the paramount/ Skydance merger and she seems future-focused in meetings.
I can see more layoffs in hbo streaming management than paramount.
@19m hope so .. we haven't been able to fill positions in forever - made me wonder if you can share anything please ..
@19a the person that said hbo max was the lead is streaming is talking out their A**!
i'm hearing october - not sure which division but that also means lists have been made and sent to HR - person also said HBO Max will be the lead on streaming ..
I don't believe Managers have been asked for lists of their most vital team members. Most Managers get blindsided and are notified day before or day of who the selected names from whatever spreadsheet are without their input.
@x8 those lists will contain their most loyal and tight lipped people, not most vital people.
@xf He’s. Let’s bring back the survey. Let’s weed out the toxic bosses at this company.
They’ve been prepping for this merger for almost a year. There is no doubt that lists were created a while ago and slightly shelved because of the delay. I assume a “let’s go” email will be sent out soon announcing the closing and a follow up shellacking will occur before the new year.
@x8 I manage a large team, and nobody told me to make any lists. I guess that means I’m on the layoff list, lol.
@x3 I loved those surveys. They drove my toxic boss crazy. I hope they bring them back.
Layoffs on the horizon for sure. Managers have been asked to identify their most vital team members over the past couple of weeks. If you can’t see the writing on the wall, then you’re not looking closely enough.
@h6 This analysis actually makes the most sense.
Were there any office hours recently held by anyone from leadership? I don’t remember when the last one was. Not even those annoying surveys are being sent anymore.
Tomorrow
@kq Trust the process and DE's plan. There will be no layoffs this year.
@g5 How'd you acquire such a taste for boot?
James Faris has the scoop.
I vividly remember the one they did right after the super bowl in February. They sent emails touting how much of a great success it was and then bo-m, layoffs. They definitely have done them in October and November previously. I think the last major buyout was in October so that people could wrap up or handoff their work by the new year.
With Mercury, Venus, Mars, and Jupiter aligned in November, the planets appear to be signaling a period of stability. Based on the alignment, I don’t expect any Paramount layoffs in November or December.
@bm elaborate
It’s usually post VMA’s
rolling layoffs since before 2000
@fj I don't think so. DE wouldn't lay people off before/during holidays.
@c8 honestly every round of layoffs i remember when i was at paramount was around october-nov
@fb I have been through multiple rounds of layoffs at Big entertainment companies, and they always happened in November. As someone else pointed out in this thread, this merger has been expected to close in Q3 since the deal was conceived so most of the decisions have probably been locked and loaded for a while now. And if you think DE is going to take the holidays or any employee morale into account, I just have one word (acronym) for you…RTO. Nepo Baby is and will always be a businessman first and foremost, so don’t get your hopes up.
No one should delude themselves into thinking the layoffs won't happen before year's end or such b.s. This merger has been on the books for months and drama in the press aside, the joining of teams, analyzing redundancies, etc. went forth. They have the names and numbers. Just need to pull the trigger. And yes, it can happen right before the holidays. Last year's blood bath was the than 2 months out from them