Is that when we think layoffs will start?
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Lots of people are saying layoffs help stock, so we should expect them early and often. Early on they will make a big deal about how thoughtful they are being but eventually future waves probably won’t even be acknowledged because they will be never ending
@xe a director, not me. not sure if it’ll be on WB’s side or our side.
@wt You might be right. DE won’t do it. That’s YK’s job, lol.
@xd says who
@ww heard as soon as next week
There is a lot of dead weight at corporate. Start there.
so all cable is going to WB chief and so is streaming .. i think P employees will take the hit on this . i know a previous thread said layoffs in october - anyone have a date or hear any other info ..
I believe DE wouldn’t lay people off so close to the holidays.
@n0 Not the person you're tagging, but my guess is that it will be a bundle for now, with eventual plan to merge the two into one. Obviously, this can't be done overnight, so my guess is layoffs within the streaming orgs in both P+ and Max are probably not going to be very deep (at least for now while they figure out how to merge the two apps together).
No insider info, just my guess based on previous layoffs experience
@jf Also what about P+ / Max. ? Sounded like in town hall today that he doesn't plan on keeping them separate long. What does this mean fro those teams
@hx thanks for this. Any insight what depts?
@am there’s a town hall at 2pm
@j8 Expect every area to be impacted where there are redundancies - marketing, legal, finance, HR in particular. Streaming seems up in the air. Casey Bloys has mentioned bundling P+ and Max but I personally don’t believe they will keep two separate streaming services. And WB has 3x the number of employees Paramount does ( and are rumored to be paid more) so you don’t need a crystal ball to see that they will most likely see larger cuts. Good luck to us all!
Do we know which department will be most affected? Also will it impact Paramount or Warner more?
Synergies. They keep finding new bullsh-t jargon to throw at the future unemployed. How quaint. Can there be anything more disconnected and vapid than a high-level meeting in these environs? It's Sears/Kmart folks.
The global town hall is on Tuesday, Oct 6th @ 10am. Inside source, layoffs will begin on Oct 13th
@d9 Agree that starting this week would be aggressive but DE for sure won’t wait 6 months. I would expect to see the first wave before EOY and most likely by the end of this month. He (and leadership) has had almost a year to plan this out. WB has 3x the number of employees to run the same size company. They are not going to sit for a long time with redundancy on the books.
@OP I doubt it. That would be extremely aggressive. I am guessing probably within the next 6 months and probably multiple rounds.
No
@b3 Layoffs were end of October last year
@b1 they tend to do layoffs after big events for CBS so if they aren’t doing them at the same time for the entire company then it’s not such an outlandish idea. Anything else you’d like to add?
@am Premiere week? That has no bearing on layoffs. CBS is a small portion of the company
His first town hall in over a year.
This week is premiere week for CBS. My guess is that maybe they’d get through premiere week before starting layoffs but I’m not in the know so purely speculation. There’s a variety article that says DE is expected to do a townhall on Tuesday but I haven’t heard anything about that.