CBS is now officially worse than ESPN, where they hire based on project size and then let go once the project is finished. At CBS, they lay off just because they have no idea what they're doing.
UNIONIZE NOW
I’ve said it many times that the folks who are left here need to unionize. I can put you in touch with the jacked up biz manager if you are ready. I have never had to worry about layoffs since my father brought me into the union 30 years ago. I... — read more
I feel sick to my stomach
I just joined five months ago. Left a good job for this thinking I was making a great career move and now I'm likely to be laid off. I'm guessing that last in, first out works here as well. Why did they hire anybody knowing they were planning major... — read more
Which areas are getting hit?
Do we know yet?
Email is out
Hi Everyone, As we navigate the continued industry-wide linear declines and dynamic macro-economic environment, while prioritizing investments in our growing streaming business, we are taking the hard, but necessary steps to further streamline our... — read more
3.5%
Good luck and good speed everybody.
how are we being informed ?June 10
does anyone know procedure that would share ? are we waiting for a message from our boss or is it an email that we are impacted ?
Paramount Global looks to offload 355,000 square feet in Midtown after layoffs
https://www.bizjournals.com/newyork/news/2025/06/09/paramount-global-nyc-offices-layoffs-1515-broadway.html
Please be sure before you post.
Unless you know something beyond the shadow of a doubt please either add a disclaimer that you're not 100% sure or keep it to yourself. Posting things that you just THINK are true without stating you have no fact to prove it can just increase... — read more
The cuts have started
Naveen the CFO is out. Looks like the new guy is interim until the SD merger. Good luck tomorrow, everyone.
CFO Naveen Chopra is OUT
This news is depressing. https://www.prnewswire.com/news-releases/paramount-announces-cfo-transition-302476819.html7/ NEW YORK, June 9, 2025 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA), today announced that Naveen Chopra, Executive Vice... — read more
I just hope the layoffs happen quickly
I don't have the capacity left to endure endless sleepless nights, waiting for the axe to fall.
Adherence to WARN
I've been reading these forums to understand what kind of severance we should expect. Sounds like we should get 90 days due to NY WARN law (I work at 1515) and then a severance estimated to be 2 weeks per year of work. There are arguments out... — read more
I’m on the fence about whether I’d like to be laid off or not
The job market is horrid. Yet this place has become so unbearable that I would probably feel relieved if I were laid off this round. My job has become exceptionally stressful over the past two years for all kinds of reasons, including ending up with... — read more
Managers already know who will be let go?
I’ve been hearing this for a couple of days now. Can anyone confirm? My manager is definitely not the type to leak any info, even to their favorites.
Rumble in the tech jungle
This place really has lost the plot. So first we don’t need a CISO, and PW takes over, and now they have put in an interim CISO who has zero credibility. The perception in tech circles is that PW no longer cares and has already checked out pending a... — read more
Anyone in 1515 Broadway asked to WFH on Tuesday?
Wondering since last layoffs were brutal in the office, 1K people laid off of 3.8K employees in total according to the WARN, just in 1515.
Some departments still bleeding cash despite layoffs
I don't understand how some continue to spend frivolously despite budget cuts—under GC on marketing side.
Any idea how extensive the layoffs might be?
It seems the general consensus is that they’ll affect the entire company. But do we have any sense of how many people could be impacted? I’m worried this round might be even worse than the one in September.
Hearing Execs at MTVE Studios Are in the Dark
Have heard execs within the MTVE Studios org have not been told of any plans for a layoff and have not been asked to chose candidates for layoff. This doesn't mean that layoffs aren't happening. In fact, it likely means something much worse, these... — read more
TOM RYAN IS OUT!
I had a dinner with an HR friend last night and she mentioned seeing press releases prepared, Tom Ryan is out as of next week. If that happens, what happens to streaming?
Just to check once more
This week is safe, right? Nothing starts before next week?
severance package?
With the upcoming layoff, does anyone know what is the severance package historically at this company? I heard it's 2 weeks per your year of service? If you've been with the company for 4 years and 5 months, do they round it up or round it down? — read more
June layoffs - not streaming only?
Is this confirmed? According to my understanding, the decisions are essentially final. They are just waiting for sign-off from the top which should come later this week, then HR can work on the details next week and provide them to line managers... — read more
US employees are safe!
Heard chatter about no US employees(barring contractors) will be impacted in June reductions. If you guys remember, only US employees were cut in September. This should even the field a bit.
Who is usually targeted?
"I'm relatively new, and I’m not sure if that makes me a safer bet or an easy target. I know it’s often the higher earners who get let go first, and that’s definitely not me. But at the same time, being one of the most recent hires can sometimes be... — read more
June 10 - CONFIRMED
Last night I had dinner with my friend in HR, and yes, June 10 is confirmed! I'm obviously not going to share their name, but they are working towards Tuesday, June 10, and it's not just US-based people. They said there are a lot of streaming and... — read more
Just check the WARN notices - they provide much info
Including dates, locations and numbers of employees
Paramount ousts CBS News CEO Wendy McMahon amid divide with leadership
CBS News Chief Executive Officer Wendy McMahon announced she is stepping down. It’s the latest twist in a growing battle of wills between the company’s news division and Paramount Global controlling shareholder Shari Redstone. There have been... — read more
Will there ever be anything but layoffs again?
I honestly regret not being let go a long time ago. To think that I was actually grateful to be spared during that never-ending round of cuts, a masterclass in drawn-out suspense…
MTVE Layoffs
How many at MTV Entertainment will be getting the axe in June? Has anybody heard anything?
Any new information about the upcoming layoffs?
There has been speculation about which divisions might be affected, and it seems that most people agree we may see cuts across the board.
More news about major round of layoffs this summer
CBS News quietly slashed three high-level positions ahead of a major round of layoffs across parent company Paramount Global that is expected to kick off this summer, The Post has... — read more
June Layoffs, WSJ Reporting
New article in WSJ mentions the June layoffs: “After laying off thousands of employees last year, the company is preparing another round of job cuts as soon as next month that would save hundreds of millions of dollars in costs, according to people... — read more
This place is the textbook definition of a toxic workplace
The culture is rotten to the core. Leadership thrives on dysfunction, morale is nonexistent, and good employees get used and abused just to be thrown out on their butts. If you're thinking about working here, dig deep before accepting anything. Talk... — read more
June Layoffs?
Heard a rumor of June layoffs in streaming - anyone have more info?
Anyone in Streaming?
How are you holding up now that it’s been confirmed we won’t see any promotions or raises for a while?
Are any office closures likely with the Skydance takeover?
I know there's no real way to know how, what, when, or even IF the takeover will occur at this point, but I'm just curious if anyone has heard anything about any office closures planned by Skydance. I'm assuming their primary focus is to invest in... — read more
Why is everybody always complaining?
You do realize no one’s being held hostage here, right? I get being worried about layoffs, but constantly whining about every little thing and then doing absolutely nothing to change your situation makes no sense. If you’re that unhappy, the door... — read more