The remaining 10% for this year. The rumor is of another round of layoffs in December.
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More layoffs. Anyone who doesn’t think so is just wrong. Skydance wouldn’t buy Paramount if they didn’t think that they could optimize inefficiencies and trim the fat.
Those who survive this round will be safe for maybe a few months, at most until the merger completes. Once that is done we are back to layoffs again.
In every case of merger's I've ever seen this exact scenario happens. I fully expect more (and bigger) layoffs after the merger.
Not sure where I read it, but there was mention about Skydance doing 1.5 to 2 billion more in cuts on day one after the merger. I don't think the trimming is done yet.
I don’t see huge layoffs. Sky Dance is a company of 500 people. Not a huge amount of duplication and mostly corporate functions.
You can expect many BUYOUTS After the layoffs. Old company trick is to let older employees pass up BUYOUT Deadline in order to layoff younger employees. Once the coast is clear & window ends for layoff people to try to get their jobs back - then the company let's the older employees to take their buyout ( effectively laying off way more than intended). The buyout & layoff severance are the same package. Then, in return for taking the Buyout AFTER the Layoffs - the company allows the buyout employees to collect the unemployment max ( because they won't be looking for work b/c they're retired....) yes, the retirees take their buyout After the layoffs so they can collect unemployment too. Old scam the company has been making backroon deals with the unions for years & years. The buyout deal is the exact same as the severance
There will be more cuts once the merger is complete. How many? Who knows. Realistically, I wouldn't imagine it will be a stable environment for some time.
One step at a time . Need to find this Tuesday if even we able to make into that 85% to worry about this
Expect more layoffs once the merger completes. Theres also still the final 10% of the original $500M in cuts by the end of the current year (an additional 200-300+ employees)