I loved working here when I first started, I worked on cool projects with super smart people, it was the first season of Jersey Shore and numbers were off the charts. Now it's like a pale shadow of what it used to be, half the smart people are gone... read more
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Topics regarding layoffs at Viacom Inc.
"Team, As you have likely heard by now, on Monday CBS and its Special Committee filed a lawsuit against National Amusements, Inc -- its controlling shareholder, and Viacom’s, too. While Viacom isn’t named as a party in the lawsuit, it obviously... read more
Rumor has it, were in for more rounds every day this week. But, has anyone heard or seen anything today? Its quiet in the Hollywood office so far...
I can confirm at least 12 of these jobs are being moved to non US regions because of cheaper labor. These jobs aren't being cut nor are teams getting smaller... they're just moving.
Everywhere I look, the number of those who were laid off yesterday is reported at around 100. That can't be right, can it? We know how many departments and locations were hit, and none of them were only one person. Is Viacom trying to hide the actual... read more
Am I the only one having trouble sleeping ahead of today? I realize most of the people said yesterday was it and there will be no more layoffs at Viacom for the rest of the week, but regardless here I am in full panic mode. I guess I won't believe it... read more
Variety: 100 Laid Off by Viacom http://variety.com/2018/biz/news/viacom-layoffs-100-positions-1202811812/ Hollywood Reporter - Viacom Chops 100 https://www.hollywoodreporter.com/news/viacom-chops-100-jobs-cost-cutting-move-1112204 Deadline - Viacom... read more
Had a few folks let go. A couple in HR. I think it was two in CMT as well - not sure, might have been bigger.
This was circulated not that long ago: Team, I know there’s been a lot of news in the past week – over the last year, in fact – about change (or potential change) in this company. I think it’s important to remember that so much of this change, while... read more
She says it's all over, no spill over into Wed and Thur as some folks were predicting. I really hope she knows what she's talking about but she sounded fairly confident. Typically she shares nothing, not sure what changed things this time - maybe... read more
Can we expect more layoffs tomorrow or will today be it? Today has been stressful enough that it would be nice to know that I can actually relax a bit at the end of the day. What were previous rounds like, anybody remembers? All in one day or spread... read more
Haven't heard anything in a few..
It seems to me that once again we get to pay the price for the fact that other countries have better legal protection for workers than we do. From what I'm seeing only US employees are being affected by this round of layoffs and everybody else is... read more
Are there any indications that there is some age discrimination happening in this round of layoffs?
I know the last thing people who have been laid off want to do now is come here and answer our questions, but in case somebody is here who knows the answer I still have to ask: what kind of severance are we talking about in this round? There was talk... read more
how are layoffs done at viacom? is there a phone call? are you called into a meeting with your manager? they simply come to your desk and walk you out? do you get a chance to get your stuff? i'm sitting here and stressing out more than is good for my... read more
Good people are being shown the door today in droves, and yet the company has dozens if not hundreds of job openings right now. There are 79 open positions in New York alone!! How in the world is this okay? And before somebody says it's different... read more
It has started... Also, anybody thinks that the lawsuit timing is awfully convenient?
It’s happening already. 3 people I know of so far.
Any word on if we should all be preparing for the worst tomorrow? Seems awfully quiet for something big to be going on.
"Hollywood Team, Please join us for an important Lunch & Learn session on May 24th. Preparing ourselves for something as frightening as a potential “Active Shooter” is certainly a very sensitive subject and can make us uncomfortable, but increasing... read more
With escalating rumors that Bob will only get a seat on the Board, is there a chance all other restructure is on hold? No one seems to have heard anything.
Problems solved. http://variety.com/2018/digital/news/viacom-snapchat-shows-mtv-bet-comedy-central-1202778910/
Layoffs have already been slated for mid-May prior to the announcement, that hasn't changed. May 15th is the date I've heard the most. Where did this information come from? This is the first I'm hearing about May layoffs, and trust me when I tell you... read more
It would be interesting to know what the feeling is on the ground about the merger.... Or just to trash talk
CBS Corp. is on the verge of making a merger proposal to Viacom Inc., reports Bloomberg. CBS is expected to propose its CEO and chairman, Les Moonves, head the combined company. Holding company National Amusements Inc. has 80% of voting stock for... read more
It's not your fault. The execs were shortsighted and did not properly play this shift in the industry landscape. We got caught naked with nothing to show - the decline will take a while abut I do not think we can recover. I'll be switching industries... read more
Out. Of. Touch. Waste of $ from the jumpoff http://www.tmz.com/2018/03/14/mtv-total-request-live-trl-canceled-again/
I've heard pretty consistently that two more rounds of layoffs are coming, one in May and another in July. I haven't heard any details as to who will get hit. Start using up that PTO!
quote from Bakish : source https://www.hollywoodreporter.com/news/viacom-launch-streaming-service-year-ceo-says-1089367 "The domestic linear TV business is not ... a substantial driver of growth going forward. We have very modest expectations there... read more
next round rumored to focus on svps
its called surgical layoffs -- small batches of layoffs (100 here, 50 there) -- and it will continue to happen. it avoids bad press with jaw-dropping large scale layoffs. Read this in another thread and I thought it hit the nail on the head. Not only... read more
Team, While we had planned to share an update on our Media Networks structure during Bob Live tomorrow, in light of recent media speculation we wanted to reach out today to clarify a few points. First, I’m pleased to share with you that Sarah Levy... read more
Seriously, from what we've been hearing has been going on in various departments, does anybody actually buy the reported number of 100 employees who were laid off? Frankly, to me this sounds much more like damage control than anything else. While I... read more
As per this article .below .Viacom’s wants to save 100 million by laying off 100 people.. Let’s say those hundred made 100,000 dollars times 100 that would be 10 million.. But if you fire near 1000 people times 100,000 dollars That’s now 100 million... read more
The date of the rumored layoffs were correct but the magnitude was over hyped. Not to limit the damage of those who were let go but the actual number was closer to 100 not 1000.
Who says its really over? Haven't these layoffs gone on more than 1 day in the past?
Any word from there?
Anyone has more info about Velocity? No posts or replies to be found here. Thanks!