Topics regarding layoffs at Paramount Global

Topics regarding layoffs at Paramount Global

Layoffs happening EOD today (2/13)

Good luck to those affected... https://www.hollywoodreporter.com/business/business-news/paramount-layoffs-memo-staff-cuts-1235823470/

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| 1200 views | | 5 replies (last February 14, 2024)
Post ID: @OP+1r35MLkM

How to get w2

anyone have the link or directions on how to get a W2. My severance ended middle of last year... no response to my inquiries . thanks!

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| 1290 views | | 9 replies (last February 13, 2024)
Post ID: @OP+1qNGM0GM

Anyone have any details?

https://deadline.com/2024/01/paramount-global-layoffs-february-1235798785/ For the past several days, there has been chatter that Paramount layoffs of about 800 are imminent. It followed a WSJ report in December that the company was mulling the... — read more 

Bye bye sports? No more boxing or MMA on the platforms.

Showtime sports announcement went out a while ago. That’s a lot of jobs that will be gone by January. Bellator MMA gets sold so that’s another part of paramount that will be gone. Why would they decide to say bye to their sports entities? So many... — read more 

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| 1000 views | | 4 replies (last December 12, 2023)
Post ID: @OP+1pWsXnxS

Changes...

The audience is shifting to the creator economy - youtube is stealing the audience, and the fact that the NFL is migrating there is all the proof you need. actors and writers stomping their feet are like horse and buggy manufacturers going on strike... — read more 

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| 1420 views | | 7 replies (last October 7, 2023)
Post ID: @OP+1oCyCsJd

Sale Imminent

Netflix has explored Paramount for its studio business, and with Paramount on shaky ground, Wells Fargo recently called its breakup "inevitable," stirring speculation of a sale. Netflix also looked at MGM before Amazon bought it for an eye-popping... — read more 

Fire Sale

Loop Capital analyst Alan Gould upgraded his rating on the stock to "Hold" from "Sell" on news of the cash infusion, but kept his price target at $14. He outlined a "bull case" for the shares that envisions Paramount selling at least some of its... — read more 

Lay offs

Just announced - layoffs happening today!

PBEs

Oh how I wish the project base employees could come together at a time like this. Unionize! He-l, something. The amount of fellow coworkers I have that have been promised for years they’d be made staff is disgusting. They’re doing the same exact work... — read more 

“Diversity Measurement Dashboards”

This is what this company is wasting its time, money, and resources on, while our arrogant, incompetent, and ignorant leadership just pretend as though we aren’t getting btfo’d by the creator economy. No way is this esg sh*t sustainable, it’s only... — read more 

What's going on with cuts?

Has there been any news lately? A while ago this week was whispered about as the possible timing for more layoffs, I'm trying to determine if that is happening or not. I personally think that having any more cuts at this point would be a huge... — read more 

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| 16470 views | | 6 replies (last March 31, 2023)
Post ID: @OP+1larDSmI

W2 Status After Layoff?

Hello! Wondering if anyone else affected by layoffs in 2022 got their W2 mailed to them yet? I still haven’t and do not wish to reach out to the company personally… they definitely had my correct address.

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| 15140 views | | 1 reply (February 13, 2023)
Post ID: @OP+1l7b9vLv

TFW nobody wanted to buy Showtime

Showtime is not profitable and they couldn't find a buyer to assume the debt. McCarthy now has until 2025 to turn it around. It truly is "Showtime". Paramount plans to merge its Paramount+ and Showtime businesses, a consolidation of linear and... — read more 

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| 17000 views | | 3 replies (last February 9, 2023)
Post ID: @OP+1kXuVQGa

Who Remembers The Last Time?

With PARA approaching $16/share it reminds me that history might not repeat itself but it sure does rhyme. Only this time, content creators are eating Bob's lunch and there's no Hulu deal coming to bail us out. November 4 2008: Subject: On behalf... — read more 

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| 20960 views | | 11 replies (last February 23, 2024)
Post ID: @OP+1kqaqqkI

2022 Severance- 2 weeks a year?

Is it true the packages last month were cut compared to past rounds? It used to be 20 years guaranteed a year. Is that still the case?

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| 23090 views | | 4 replies (last January 3, 2023)
Post ID: @OP+1k4j89tA

Consolidation = Running Out of Money

The former NBC exec also added that he wants his studios to take “full advantage” of the Paramount Global ecosystem across broadcast, cable and streaming but also continue to sell to third-party platforms... — read more 

Childish

I don’t care about twitter, but removing ourselves from most peoples’ primary source of news is asinine. When you hate the customer, they are just going to hate you... — read more 

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| 23710 views | | 2 replies (last November 20, 2022)
Post ID: @OP+1jN4CLH2

so much for employee retention and inclusion

When you are laid off after many years of service, always meeting insane quarterly goals. Paramount does not care about their employees. Shame on you Bob, Cheeks and all you ba----ds trying to save a penny without considering the value said "numbers"... — read more 

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| 24570 views | | 6 replies (last December 7, 2022)
Post ID: @OP+1jKu2Uh4

More layoffs tomorrow?

Are more layoffs scheduled for Thursday and if so what groups or locations?

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| 23432 views | | no replies yet
Post ID: @OP+1jK9YZq1

Layoffs loom....

CEO and execs said on the earnings call that Paramount is eyeing meaningful and sizable cost cuts involving both labor and non-labor expenses by end of this quarter. Will we see another December 2008 replay before the holidays? Predictions to... — read more 

Legacy media is completely obsolete

the part that everyone doesn’t seem to get yet is that this company and industry are dead. there aren’t sweeter deals coming down the road. take what you can get now because individual creators have rendered legacy media completely... — read more 

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| 25422 views | | 2 replies (last November 2, 2022)
Post ID: @OP+1jvaXKsm

It's good to see so many people leaving

It shows that everybody is tired of the management's cr-p and unrealistic expectations placed on all of us. Even with the job market not being as hot as it once was, many are choosing to walk away. If we had normal management, this would be noticed... — read more 

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| 25100 views | | no replies yet
Post ID: @OP+1jvq0xAB

Buyouts?

Along with the hiring freeze comes rumors of buyouts, mostly in news, but could be all over. Six months, which is a lousy deal. Considering the awful management decisions in the last three years, they should offer 2 wks./yr. and people would spin the... — read more 

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| 25530 views | | 1 reply (November 1, 2022)
Post ID: @OP+1ju4v7EM

MPD West

The entire CBS Television City MPD West department was shut down today and everyone fired. NY had been stealing all their work and finally migrated all the west coast files over there and then flushed everyone. Hope that entire sh---y company burns... — read more 

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| 28530 views | | 6 replies (last October 27, 2022)
Post ID: @OP+1j4eexcJ

This was NOT a voluntary resignation

no viewers, no money, no contract https://www.reuters.com/lifestyle/comedian-trevor-noah-leave-the-daily-show-after-seven-years-2022-09-30/ And there's more coming....

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| 28920 views | | 4 replies (last December 3, 2022)
Post ID: @OP+1iYnhNEl

Hiring Freeze

Does anyone know what’s going on with the hiring freeze? Length of time, etc? Or possible explanations. I’ve been told they aren’t filling any positions for those who leave.

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| 29160 views | | 3 replies (last October 12, 2022)
Post ID: @OP+1iUhwe1F

Thank you safety office, now move on

Enough is enough, my 7 and 10 year olds have been in a class room with 30 other kids for almost a year now without mask, most of them un-vaced with no major out breaks yet your still making us wear mask and get tested and we are vac'ed and boosted... — read more 

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| 28920 views | | 1 reply (September 23, 2022)
Post ID: @OP+1iQ82tgO

Stop the testing madness

The president said last night on our network that the pandemic is over so why are we still testing? Management say's its the unions setting the policy, if that's true stop costing so many union and non-union workers work. Most every other network has... — read more 

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| 29062 views | | 1 reply (September 21, 2022)
Post ID: @OP+1iNOfJGi

Bob’s Abortion Rant

who else here with a uterus had to painfully listen to Bob flounder around to try to justify why paramount keeps donating to anti-abortion legislators. also i just hate these bob lives, there’s barely any helpful information. the merit increase... — read more 

Reorganization

The company has hired upper and middle management with track records , usually two to five years at a clip in their résumés, of downsizing. Check out some of these folks on LinkedIn. One listed acumen of handling M&A (mergers and acquisitions) while... — read more 

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| 34220 views | | 2 replies (last October 10, 2022)
Post ID: @OP+1i6wm0W5

Quits

Rumor is people are quitting within a specific area of Viacom/CBS, now Paramount rebranded. Who runs this area and why aren't they being dealt with properly? Perhaps the company has sunk to a new low point where the philosophy of "why lay them off if... — read more 

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| 37020 views | | 3 replies (last August 4, 2022)
Post ID: @OP+1hGRSsC3

The Big Joke

People are still working from home while essential staff has no ability to do so; never has. Yet, compensation from the company for essential workers vanished a long time ago. Time to bring back the compensation or bring back the non-essential... — read more 

PBEs LET’S GO

Protests in front of 1515 wouldn’t take long to get attention. ViacomCBS needs to acknowledge the absurd about of freelancers it has in full-time, staff positions simply to avoid paying for benefits. THERE ARE MORE OF US THAN THERE ARE THEM!!! It’s... — read more 

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