I haven't heard anything credible in a while, nothing that I would post anyway but I have now heard from multiple, pretty well placed sources that they are looking to move quickly on the merger and have started planning large rounds of layoffs just... read more
Topics regarding layoffs at Viacom Inc.
Any predictions on when or if this is gonna happen?
strangely quiet here calm before the storm ????
Is it just me, or has anybody else noticed we are losing some of our best employees in droves? What's going on? I know Viacom is not what it once was, but I honestly don't think situation is that bad to cause this kind of exodus among the most... read more
I have not heard anything.
I know of about all the folks at CMT and maybe a dozen in MTS, they are certainly keep it more low profile but it's still happening.
How bad? who? anyone left?
Been pretty quiet around here... has the head chopping ceased?
They’re doing layoffs in small amounts. I have to say that there were no big surprises for the coordinator to vp level layoffs that I’ve seen. Really just dead weight collecting a paycheck. Why keep people just based on tenure or personality, when... read more
Lots of stuff going on at the top of the food chain at Nick. The latest, EVP Shelly Sumpter Gillyard out, her job rolled in to the responsiblities of a Viacom SVP. Also just hired a new SVP of Programing, dude from Disney. Hopefully this is more than... read more
Earnings call is coming up right??
The entire crew got the ax today with zero warning. 1st season is supposedly in the can but still has no solid air date.
Is something happening next week??? Feels like a wipeout is coming
Any word on whether there will be more layoffs in January?
I'm actually surprised that there haven't been more layoffs at Nick, especially in Animation. They virtually have no shows. When I started 9 years ago there were more than 12 animated shows in production. Now there are only 3 or 4, at best. There has... read more
I have to say, that one of the things that struck me about my new gig after I left Viacom was how hands on and knowledgeable all levels of my new org are. There are very few SVPS/EVPS and not an absurd amount of VPs but even at those levels people... read more
https://variety.com/2018/biz/features/bob-bakish-viacom-turnaround-1203085842/amp/ "He doesn’t have to be a programmer to choose great creative executives. I give him a lot of credit for what he’s accomplished. Morale at the company has done a... read more
Two people were let go in CP this week. Do we know if this is going to continue before Christmas?
Anybody else hearing that Chris McCarthy mandated 95% individual multiplier for most of staff bonuses with only Director and above receiving 100%?
The movie business played a crucial role in Viacom’s successful quarterly results. The movie business is on a role, but the analyst predicts a certain stagnation in growth, due to the fear of cord-cutting in the streaming business. I would like some... read more
Layoffs in 2018 - how many lost their jobs, any idea? Which companies/divisions were hit the hardest?
I knew it a couple of months before it happened. it didn't take a genius to figure it out. A few key things were shifted away from me with no good explanation as to why, I was consulted less on things that I would have been heavily involved in... read more
This thread is for info about potential Viacom Layoffs in 2019 or any other relevant information?
Anyone heard anything about changes for Velocity? Possible that Velocity / WhoSay / Awesomeness will merge into a single creative unit? Sean’s speech today to “not worry about which team will be working on what” has me thinking there could be some... read more
The man who greenlit Spongebob gets shown the door. Who are the other "senior-level colleagues" Bob mentioned will be leaving?
so, i had a lawyer look this over AND consulted with an ex-viacom legal employee (lawyer). technically they can revoke the severance with this clause if you notify them (unsure about how the amounts work if your new job pays less than what you are... read more
I was laid off and received severance payments where if I am earning salaries elsewhere during the severance payment period, my severance will be "offset" by my earnings. Does that mean if I earn $100 in salaries at another company, I will need to... read more
So I see three designers were let go and I also know of three engineers that were let go and they weren't fired, it was definitely layoffs because they all got packages. I think this is the way it's going to go for a while, death by a thousand cuts... read more
Three designers in the nickelodeon digital department were let go last week.
Advice I repeatedly hear is to “be sure to negotiate your severance”. But I imagine when you’re being told that you are getting let go, it’s probably too late to negotiate. Plus, your bargaining power has lessened since they no longer need you. I... read more
"Restructure" is a popular word these days
Three got let go today.
Is it just me, or is this the latest style of Viacom layoffs? Stealthy, just a few people at a time kind of thing? We used to have regular rounds of layoffs and then be safe until the next one, but now it seems we hear about another layoff of two or... read more
Anyone knows how exactly severance is calculated? There is a lot of confusion about it. Found this post in another thread, but some say it’s not accurate packages: NOT everyone gets the two part package Upper level titles get the 2 part package.The... read more
This board has been accurate for all of 2018. Last week did not go down the way people expected. More to come??
I don’t know if you noticed but Viacom has a new management position:Executive Vice President of Production. I’m usually against the piling up of expensive manager positions, but in this case I can say that we needed something like this. This... read more
I can’t believe that I’m going to say it, but for once I agree with Bob Bakish. The ship to the streaming business has sailed for us a long time ago and it would be unwise to try to get into it directly, now that Netflix is dominating, and a couple... read more