Variety article discussing 1000 plus layoffs???
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Company is teeming with a surplus of redundant middle and upper management that has survived past layoffs and can be trimmed. When will their time be up?
Global is proceeding with a new wave of staff reductions in February, sources tell Deadline. I hear the cuts will impact hundreds of employees across the entire company.
For the past several days, there has been chatter that Paramount layoffs of about 800 are imminent. It followed a WSJ report in December that the company was mulling the potential elimination of more than 1,000 jobs in early 2024 to rein in costs. According to sources, the extent of the cuts will not be quite as big but the layoffs will be in the hundreds, affecting virtually every division. I hear senior executives have been given reduction targets to hit.
https://deadline.com/2024/01/paramount-global-layoffs-february-1235798785/
Anyone know personally Paramount Glob severance package. In the past it was two weeks for every year but who knows know ?
Will John Markle survive?
The Viacom & CBS mergers past & present were all to do with execs & the boards making money and nothing to do with making sense - same with this merger. What has bakish done but sell of assets and zaslav doing nothing to change CNN's condition - both companies with billions of debt
here's way: https://www.paramount.com/sustainability
turns out it wasn't sustainable at all