SEC and other government bureaus concerned when Sony interested in buying Paramount, but disinterested with Bronfman, a Canadian convicted of insider trading in a French court?

Horrible situation for both the ones that were let go and the ones that remain, waiting to find out if they will be let go. Don't forget to reach out to your ex-coworkers. Remind them they ARE valuable.

Has anyone heard of divisions that are lay-off completed? Any new info on September divisions ?

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.

Notice date 8 16 Effective 10 12 so 60 days CA vs the 90 day NY gets per the law 95 at the Gower address 193 at Melrose 469 out of NY So that's 757 for NY and CA So we have have at least 1200ish left ? I know the last ten percent is by end of... — read more 

Are there any recommendations for people that are searching on how to showcase their development into the next level without the official title? Some of us were supposed to get promoted this summer and i remember hearing the news about promotions... — read more 

Does anyone have any idea if contractors are going to be impacted as part of the cost savings? Let’s say a team has a number of contractors that cannot be converted to FTE, would they be let go? Would this also account towards the total number being... — read more 

And I can’t trust them that it will be the end of it. Who’s gonna survive that mentally? Who will manage to stay focused? We’ll all fall apart before it’s over. Just coming to work every day will be more and more stressful, and I can't even begin to... — read more 

With all this BS, let’s keep in mind that our colleagues are likely going through the same anxiety and anger. Tempers may get short - but it’s not personal. Let’s keep that in mind and be a bit more forgiving with both ourselves and others. — read more 

Says 469 employees affected -different site addresses Total employees 7576 Lay off starts date is November 11 -that's NY 90 days goes to Feb 2025 On DOL website

For those who have been laid off this past week, first off, I’m sorry! You don’t deserve this (no one does). I’m wondering if anyone could share details of layoff package received? Severance pay (# weeks per year of service and was it capped at... — read more 

Does anyone know what areas will be hit with the layoffs in September?

https://www.indiewire.com/news/business/what-does-roku-want-paramount-analysis-1235037091/

I'm guessing they'll get hit on Sept. 24th with the rest of streaming, but has anyone heard what the plan is post-merger? Are they in plans for the future or just a tag-a-long?

I wish us all luck. I hope all those laid off this round will land on their feet soon. To the rest, try not to be anxious and stressed about what’s coming. Our well-being is worth a million times more than any job and company. Things will turn... — read more 

Imagine having to deliver the bad news to employees across the business, dealing with their tears and anger while trying to do the shittiest part of your job. Then you get tapped on the shoulder and told you’re done. This place is dark. Anyone... — read more 

We all know what’s going to happen. Selection of people who were or about to be laid off doesn’t seem entirely strategic. There will be a mess in many teams, a lot of work and particular tasks after people who were let go. Crippled teams will simply... — read more 

Any new insight for Streaming P+ Tech Marketing that anyone has heard or thinks

Is anyone below VP receiving their prorated bonus? There are discussions in other threads, but they weren't totally clear. If folks at all levels can provide context here, that would be helpful. I for one am an impacted senior director and don't see... — read more 

FYI - for those that were affected or will be affected by lay offs. Unless you live in the following states: California, Colorado, Illinois, Massachusetts and Montana you will NOT be paid out for unused vacation time as it is not required by state... — read more 

https://www.reuters.com/markets/deals/edgar-bronfman-prepares-bid-paramount-parent-national-amusements-wsj-reports-2024-08-15/

How can I guarantee I’ll be apart of the next layoffs? I’m burnt out and don’t want to be here anymore. I don’t have a job lined up but have savings for 6 months.

This doesn't apply to me, but I'm curious what will happen to them, since I know of at least one such case.

I know they can't say anything, but when they want us to give 2 weeks notice, it would be the right thing to at least hint that you should start looking elsewhere.

I heard that more layoffs happened today (Wednesday) has anyone else seen this happening in their departments?

Understand its 2 wks per year of service but has anyone had luck negotiating beyond that? Do we know if they’re rounding up years? if you get laid off in the 9/24 round but your hiring anniversary is the following week? All the WARN talk is... — read more 

CBS Sports CEO David Berson said the volatility at parent company Paramount Global, which is laying off 15% of its U.S. workforce and preparing to merge with Skydance Media, isn’t taking his division off its game. “There's no doubt that the media... — read more 

Serious question. If the company is giving severance why not just offer buyouts to our union friends? Cut your losses and send our friends out to pasture

Or at least that I was laid off on day one. We don’t need prolonged anxiety and uncertainty. As if any of us will manage to be productive until it’s all over. Cost of months-long layoffs on our well-being and work performance is too high. And I’m... — read more 

I get it, layoffs are part of life. No one is begging P+ to keep us employed. We're adults/professionals and will survive this. We already knew it was employment At-Will. However, would be nice to know right now where we stand with respect to... — read more 

offloading real estate was at one point a possibility as a cost savings measure. LI has the NOC and the newer CCC building (formerly HBO) down the road which is occupied with Showtime folks. Then there is the CBS broadcasting center.... what are the... — read more 

Bloated Paramount management could be downsized by elimination of DEI baloney, which has nothing to do with television whatsoever. Invest in the nuts and bolts of the industry and not just the nuts. Three CEOs?! For that?!

I strongly believe that Paramount needs to unionize. This entire situation would not be happening if we had a union. Layoffs every 6 months are abominable, and we deserve more stability in the workplace. Thoughts?

The CEO's email yesterday morning stated that the layoff process would take place in three phases. Obviously yesterday was Phase 1, and it sounds like Sept 24 could be Phase 2. When will Phase 3 be? From what I heard, many let go at Nickelodeon... — read more 

The Captain should always go down with the ship, when the ship is sinking. The Captain's responsibility should be to make sure his crew is safe on the lifeboats, not throw them overboard. It's the failure as a Captain for the ship to fall apart... — read more 

I can't sleep, I'm too nervous about what's been happening. A good friend from the legal department lost his job today so this already hit close to home. I tried to offer him words of encouragement but I knew myself they were empty. I'm petrified... — read more 

The keep scheduling meetings ant talking about PI Planning like it’s business as usual. Who in their right mind can focus on anything but job searching at this point? 6 weeks is a long time to wait. This was executed very poorly. Shame on the pep... — read more