Was his overall group impacted at all? Given the write downs for the cable networks announced during the Earnings Call, his team should have had massive cuts. He is incompetent and creates chaos with his awful style of work.

Does anyone know if ad sales was affected? Or if that will happen in September?

Chatter is that streaming will be hit in the September phase. Anyone hearing otherwise?

For those willing to share, what have you seen/heard so far?

Is September more Marketing and Streaming ?

Can anyone share what their severance package is looking like? Are bonuses included (wishful thinking…)

Looking back at it, Bob was a decent CEO. Obviously he wasn’t losing sleep over us, but from what I’m picking up he was relatively hesitant to do huge layoffs like these. And when he did do layoffs he did it all at once. In a single day. None of... — read more 

Hi Everyone, In June, we laid out our Strategic Plan to return Paramount to profitable growth, which includes streamlining the organization and cutting costs by $500 million on an annualized basis. As we continue to advance our plan, we announced on... — read more 

Layoffs will last through September? Please tell me I'm misunderstanding something.

Good luck! If you are one of the unfortunate people please tell us what organization you are from. Maybe severance details? This will help others ensure they get something competitive.

And be good to each other.

https://deadline.com/2024/08/nickelodeon-marketing-chief-sabrina-caluori-exiting-paramount-1236038255/

Any last words or rumors??

If you have to deliver the bad news to your direct report: #1: DO NOT make it all about you. If you cry, it’s not the person’s (who was just laid off) responsibility to comfort you. And don’t say it’s the most difficult thing you ever had to do... — read more 

I hate the wait more than I hate the cuts themselves.

But it still isn’t pleasant. I can’t afford to lose the job now. But I guess I can’t influence the outcome in any way, so I’ll just try to manage anxiety. Good luck to all of you guys, and try to have a nice weekend, if possible. — read more 

Does anyone know if PBEs are on the chopping board?

New details- or info heard there were lots LA meetings today new thread for layoffs info - division :location : severance for next Tuesday

Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to merge with Skydance Media. The layoffs, which will... — read more 

legal, communications, tech, marketing, corporate functions will be hit (may have missed a few depts in there)

As for marketing teams. It's streaming and corp marketing teams mainly (think 50%+). There are a few people in cbs, MTV and studies, but the main layoffs are in corp and streaming. The corp ones will probably go next week and streaming in Sept round... — read more 

A momentous couple of weeks for Paramount Global are underway. Its second-quarter earnings are due out today, the “go-shop” period in the $8 billion Skydance deal closes August 21, and a new round of layoffs is expected next... — read more 

Check out the latest deadline article for more leaked deets https://deadline.com/2024/08/paramount-global-layoffs-earnings-skydance-deal-1236034096/

Layoffs are Tuesday August 13th and it will be a lot of corporate functions. A bigger round for tech and others will be September 24th and those are the only 2 planned dates. Good luck Is this confirmed? (Source: @OP+1tSABJyT)

Michael Engleman, Chief Marketing Officer for Paramount+ Domestic and Paramount+ with Showtime, will be leaving Paramount Global later this month. He just announced his departure in an internal memo. Co-CEO George Cheeks revealed in June that... — read more 

Place our bets. Do we get layoffs before earnings or after?

https://finance.yahoo.com/news/apex-capital-trust-submits-competing-130500519.html That sounds too good to be true? If true what difference would it make for us?

“During a town hall last week, McGarvey reassured staff that Paramount — which owns Network 10 — did not have short-term plans to cut local jobs, despite significant layoffs at Seven West Media and Nine Entertainment, according to three sources... — read more 

Paramount Global (PARA.O) will continue reducing the size of its workforce until its merger with Skydance Media closes, the company’s co-CEOs said in a memo seen by Reuters on Sunday, hours after the companies announced the deal. Paramount will... — read more 

https://nypost.com/2024/07/08/media/skydance-ceo-david-ellison-and-scandal-scarred-media-exec-jeff-shell-signal-2b-in-cost-cuts-for-paramount/

The M&A “noise” surrounding Paramount Global following the end to sales talks with David Ellison’s Skydance Media won’t dissipate any time soon, but the company must address profit declines and focus on a plan that can set up the entertainment giant... — read more 

Shari is pulling the plug on Bakish. Welcome to the club, Bob. Looking forward to your sh** posts here. https://variety.com/2024/biz/news/ceo-bob-bakish-out-paramount-global-1235984507/

heard one new layoff out of NY .....

The news sub-sector of the media industry saw layoffs rise a staggering 1,660% in January from last year. Big name news outlets such as The Wall Street Journal and CBS News have announced layoffs in recent weeks, while news startup The Messenger... — read more 

The cuts come after CBS, owned by Paramount Global, saw record-breaking advertising and sales during Super Bowl LVIII that drew in 120 million viewers, according to the... — read more 

Please tell me we are. I’ll be nuts by the time it’s over.

Management sc--ws up and guess who suffers. Not Managenent! Just the people in the trenches! Same old story! Just the time frame changes!

Report here... The location and departments you're aware were impacted by layoffs and what severance/benefit packages are being floated. *Remember you don't have to sign any paperwork they gave you yet