Asking for a friend as it appears the states have settled
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@fb variety has an article out now where an anonymous exec says there will be a race to get the layoffs done in the fourth quarter. And they don’t see a world where there they’re not laying off a bunch of people before end of year
Paramount - SD merger closed in early August, and the layoffs happened at the end of October. So a little less than 90 days. If Paramount - WB deal closes within next 2 weeks, I think that lands the layoffs into late Dec early Jan territory
Even for DE laying off people right before Christmas sounds too evil. I am wondering if they'll push towards early February before their Q4 earnings call on Feb 25. For a merger of that magnitude I think they might need more time to prep.
I know someone in Warner's financial department and layoffs on their end due to merger where planned in the budget already a year ago, so they are definitely happening. I think it's probably the same on our end.
@bc Keep telling yourself that. The last two rounds of Paramount layoffs happened at exactly this time of year. And I have been in other big companies where they always layoff at the end of the year. Big corporations like to start the new year with fresh financials. And DE had been planning on this merger closing in the fall for the better part of a year, so I would almost guarantee that layoff plans are already solidified. But time will tell…
I don’t think DE would lay people off in this economy.
The WB folks can't be any worse than the Pluto folks, amirite?
@a9 I doubt the majority of layoffs will be at the end if the year. We're in a brand new broadcast cycle, and there's too much institutional knowledge to transfer. We still need people to make shows, movies, etc. Look how long it took to reduce our cbs redundancy (and it's probably still not gone).
@aq I suspect the labor concessions would be more related to production. They had already admitted they needed to find $6 billion and cost savings when they started the merger talks And they are not going to keep duplicative roles in the company. The lawsuit with the AG’s Was definitely more concerned with how it would impact California’s bottom line in terms of film revenue.
As Pauly says, "Fu-k you, Pay Me"
From what is being said on the merger concessions is there are some labor guarantees. I can see a much more aggressive buy out policy for both companies and much stricter work in the office rules. Hopefully more people leave on their own.
@af When has ANYTHING been so logically clear-cut in this company? While I'd prefer that option, I think your magic eight ball may need another shake.
I seriously think most of the layoffs will be at WBD cause we have been through more layoffs than they have.
agree. guarantee it will be before eoy. great
100% shocked if they don’t happen by end of year