We recently saw articles come out about a potential new bidder in Bronfman. Would this potentially impact the layoffs at all? Also to consider that the shop around period with Skydance comes to an end tomorrow.
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Aside from the other reasons everyone has given for the layoffs to continue, does anyone even know of a situation where a change in a merger partner ever resulted in layoffs being canceled? Bronfman team is already talking about $3 billion in savings, which is more than the Skydance $2.5. I also don't think I've read about them say anything about keeping the company together, just focusing on shareholder value, which has nothing to do with job security for employees. Sorry to say this, but the ride is over at Paramount and every other company (they're not the only ones firing left and right). A lot of jobs are now luxuries, because there's no profit to cover them. Rightly complain about the CEO and exec salaries all you want, but a lot of job functions are now luxuries even if we subtract CEO salaries.
500m cut was announced even before deal with Skydance was done/announced. So nothing changes and we all just wait for Sept 24 to find out if we're being let go
I have another question. Do you think these "potential buyers" have any idea what to do with Para besides job cuts while dangling their "potential offers" in front of Wall Street?
But isn't the new offer supposed to account for the breakup fee? I would think Skydance is already aware of the teams impacted, might as well have provided some guidance on what seemed essential to them
won't impact layoffs
that offer isn't as much as skydance I believe
also, Para would have to pay a big breakup fee to skydance if they entertain another offer