Topics regarding layoffs at Paramount Global

Topics regarding layoffs at Paramount Global

Cancel Chris McCarthy

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 

by
| 47491 views | | 218 replies (last July 26)
Post ID: @OP+1ul6CsEJ

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 

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 ?

by
| 720 views | | 5 replies (last September 4, 2024)
Post ID: @OP+1ukOQhbm

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.

by
| 1400 views | | 8 replies (last September 4, 2024)
Post ID: @OP+1ukpz1RC

Who manages this site ?

Unrelated question - but who manages this site ? And are comments really anonymous?

by
| 720 views | | 3 replies (last September 3, 2024)
Post ID: @OP+1ukzXjsY

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.

by
| 930 views | | 2 replies (last September 3, 2024)
Post ID: @OP+1ujyZfWo

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

by
| 760 views | | 1 reply (August 31, 2024)
Post ID: @OP+1ugGty0i

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 

by
| 730 views | | no replies yet
Post ID: @OP+1ufB5Eqm

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?

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?

by
| 610 views | | 1 reply (August 28, 2024)
Post ID: @OP+1uesoI5s

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 

by
| 1030 views | | 8 replies (last September 5, 2024)
Post ID: @OP+1uebiR8Z

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 

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.

by
| 2250 views | | 18 replies (last August 28, 2024)
Post ID: @OP+1ucoqefU

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?

by
| 1220 views | | 9 replies (last September 24, 2024)
Post ID: @OP+1u9DdS94

I can barely focus

And it will just get worse from here. How are you dealing with stress these days?

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 

by
| 950 views | | 8 replies (last August 27, 2024)
Post ID: @OP+1u8SqYXB

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 

by
| 610 views | | 4 replies (last August 24, 2024)
Post ID: @OP+1u81uBMD

Start a new thread - post a news comment, question or message:

: