Chris McCarthy and his team of senior executives have created a hostile workplace at Paramount Global and it has to stop! Under McCarthy’s leadership, Paramount has devolved into a culture of fear, toxicity, chaos, gaslighting, wasteful spending... — read more
What's your backup plan?
What's your backup plan if you are laid off? Retire? Are you already looking at prospective new positions in other companies with the same role? Are you looking at a career shift? I'm considering becoming a janitor, grocery stocker, or dance at the... — read more
Guys, I know it’s hard, but try to be calm and kind to each other
People are, understandably, on edge. If any of you are overly tense and anxious, please try to control it. Rather reach out to colleagues and talk with them then walk around radiating all that bad. Be good to each other, instead of unburdening all... — read more
Health Insurance
Does anyone know how long your health insurance lasts after being let go?
Unvested 401k balance in case of layoff
I will be one week short of completing two years on Sep end . What happens to my unvested 401k ? Will they vest it if they layoff from their side ?
Any one else laid off who cannot call the New York office numbers?
Either, direct numbers, or, the main number (212) 846-8000? When I call, any number, there is one ring and then it disconnects. Or, there is an error message, “cannot complete this call”, or “this number has calling restrictions”. I tried from... — read more
Is today another wave of layoffs?
I have heard rumors around in different teams that some people have been asked to join meetings with their managers and HR, not sure if this is true.
Who manages this site ?
Unrelated question - but who manages this site ? And are comments really anonymous?
What’s the latest?
Was anything confirmed yet about the coming phase? I'm a nervous wreck, and can’t wait for all this to be over.
How many Paramount employees here?
I am trying to see how many Paramount employees on this forum. Could you guys upvote this so we have a better idea?
New News
I noticed a post on the Pluto thread that they were notified today that each team would lose a few folks ; wondering any other newer news ? division and department name if you feel like you are able to
New york times looking for whistleblowers
https://www.reddit.com/r/ParamountGlobalLayoff/comments/1f4dm7o/hi_from_the_new_york_times/ "If you have an interesting story to tell, or you just want to talk about your company with someone who's interested, please do not hesitate to give me a... — read more
Do the managers already know?
It seems like the names of FTEs that will be let go have already been created and shared with HR. Have any of you guys had any luck hearing from your managers? Would they already know?
The longer this lasts, the more difficult it become to cope
I initially thought that doing layoffs through organized phases was a good idea. Not so much anymore. I wish now they did everything in one go. Going for weeks and not knowing if you will lose the job does a real number on morale and focus, and most... — read more
Finance Team
Any rumors or updates on Finance team? Which area? Network or west coast or east coast or GBS ( global business services)?
Advertising
Does anyone know if Paramount Advertising will be affected in the upcoming layoffs?
Are some departments getting entirely axed with upcoming tech layoffs?
anyone want to share what they've heard?
Any updates on contractors?
I heard few people were notified. I haven’t been yet.
Performance Ratings - are these factored in to selecting who will be laid off?
For people who have been laid off so far, would you mind sharing what your 2023 end of year performance rating was (if applicable)? Exceptional, Successful, Progressing or Underperforming. Curious if these are being factored in at all to decisions.
Salary packages
With the layoffs happening, are they targeting people with high salaries? What's the average salary of an: IC Manager Senior Manager Director Senior Director VP SVP Could they hit their reduction target better by targeting middle/senior... — read more
Contractors are starting to get notified
I’m an FTE but am a close friend with 2 contractors. Both of them got notified today that their assignment will end Sept 30th Don’t know anything else or if more contractors will start to be notified soon. Just putting the word out there — read more
Compensation department compensation
I heard the compensation department got retention bonuses? Seriously?
More layoffs to come tomorrow?
Does anyone have insight into the dates of the next layoffs? Per the 3 phase layoff plan through September - I’m thinking layoffs will follow the main payroll schedule. Every 2 weeks. Last two major layoffs have happened during a pay week.
Any luck negotiating package?
Now that we’re about two weeks out from the first round, has anyone had any luck negotiating their packages yet? Have you had more success with certain elements? Who do we even reach out to to start this discussion (generic HR email address…?) — read more
Tech Layoff teams
Does anyone have information on which exact divisions or tech teams are affected by the upcoming layoffs? If anyone could provide details on specific teams, it would help us figure out if we need to start job hunting.
I can’t phantom how some teams will operate
Of course I don’t have the whole picture, but from what I can see and based on what I hear from some colleagues, I just can’t figure how some teams will be able to function given how badly hit they were. Even with the remaining people picking up the... — read more
List of names?
I’m surprised that in this day and age and all who is involved a list of who’s being affected has not leaked. Someone knows. Even a partial one. Just surprised
Unimportant layoff question
I am one of those who unfortunately got laid off. Do we need to return monitors and keyboards as well, or only laptops?
Any news on Pluto?
Do you guys know what the numbers look like for pluto teams? Product, Engineering, STE, etc?
Unemployment benefits
Has anyone that’s been laid off applied for unemployment benefits and been approved? Wondering if DOL will deny if still within the severance period.
Contract ending 9/30, manager said to the entire team "contracts ending at 9/30 will be extended". Safe to disregard?
08/13 the manager posted a message that he got in touch with dept head who assured him that all conversions are on hold but all contractors ending on 9/30 will get an extension I guess it's safe to disregard that as any kind of reassurance? Hard to... — read more
A lot of voluntarily exits impact the layoffs?
Recently there has been a bunch of employees leaving at their own will. Does that at all factor in to the number of folks that have to be let go? What are the chances that the number might be slightly reduced because of the atrition?
I can barely focus
And it will just get worse from here. How are you dealing with stress these days?
How much does a lower salary play into being kept around?
With the recent layoffs and upcoming ones, does having a meager salary actually work out for once? at least for awhile, I mean. Wondering if they are mostly interesting in cutting high earners.
Streaming contractors to be terminated on 09/30
Most streaming contractors will get terminated on 09/30. Some will get extended to 12/31 with no guarantee of either extension or conversion to FTE. Contractors will be informed by their agencies. This should happen in the next week or two. Their... — read more
Plausibility?
I wonder whether the people who run this company know an this site or regularly read the posts. Do you suppose, if they do, they have an ounce of empathy for those affected by a 15% dissolution of company assets? Oh, I forgot, workers are an... — read more
CBS
How does a company that's projected the causes of social justice, labor and liberality justify the inherent income inequality of big payouts for senior management and corporate execs, and a remaining few farthings for the hoi polloi? How do you can... — read more