Thread regarding ViacomCBS layoffs

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 departments and locations?

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| 27126 views | | 16 replies (last November 16, 2022)
Post ID: @OP+1jBKi8IA

16 replies (most recent on top)

It's started: https://deadline.com/2022/11/paramount-global-layoffs-1235173742

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Post ID: @8ayn+1jBKi8IA

I’ve not heard of any cuts so far today, have any teams been impacted?

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Post ID: @8mqx+1jBKi8IA

Ad sales is going to streamline. Part timers will get no severance.

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Post ID: @8dlk+1jBKi8IA

Which groups have you heard being hit tomorrow?

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Post ID: @8krk+1jBKi8IA

Wednesday (tomorrow) seems to be the day for some groups.

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Post ID: @7ogu+1jBKi8IA

CBS stinks and everybody that still works there stinks

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Post ID: @7cas+1jBKi8IA

It used to be something like 2 weeks for every year worked, capped at 6 months.

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Post ID: @7myt+1jBKi8IA

Can anyone give insight on the severance package? Is it negotiable?

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Post ID: @6zeh+1jBKi8IA
there is no saving this industry

This guy gets it

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Post ID: @6ibc+1jBKi8IA

looks like we were right! just announced that 'impact to the employee community' at the BobL*ve. I'd rather it be quick and dirty but reality is they will probably 'synergize' the cuts over the next 18 months..

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Post ID: @2dfi+1jBKi8IA

cuts will continue for the new few years until the company finally liquidates. don’t wait to be laid off, start looking for a new career now because there is no saving this industry

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Post ID: @1efw+1jBKi8IA

Wonder if layoffs will be address at the BobL*ve this coming thursday...

Ad sales and recruiting likely to be impacted.. anyone know about scripted or news divisions?

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Post ID: @1soq+1jBKi8IA

Layoffs right before Thanksgiving are typical. My guess is any day now. Warn notices aren’t posted public until after the layoffs occur.

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Post ID: @1lsd+1jBKi8IA

It sounds like 11/16 would be too early but then again layoffs have occurred in November, like in 2020. Historically, usually a Tuesday/Wednesday. No WARN notice posted for NY offices yet with location or headcounts, uncertain if other states do similiar.

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Post ID: @1wxu+1jBKi8IA

Ad sales for sure, performance has been weak and they just restructured.

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Post ID: @yzv+1jBKi8IA

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