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Existing Skydance - will it disappear ?

With all the news about Paramount and their layoffs, the original Skydance has seemed to be left out in the cold. Are all the employees there being folded into Paramount or are they slowly going to be let go?

Skydance was mismanaged from inception with money infused to make it look successful now with Ellison spending his time ruining Paramount / CBS and whatever he can get his hands on will that leave the original Skydance and the freshly remodeled offices to eventually close and move whomever is left to the Paramount lot.

My ex colleagues I talk to are miserable as there is no direction.


Ridiculous

This “All Colleagues Call” is a joke. GK’s tone alone was offensive, her words were so contrived and calculated. They are laying off in small groups to avoid having to report the true numbers due to Warn act! They think we are d-mb and we are not. This bank is no longer loyal to anyone.


A real investor explaining how “market-based” talent actually works

Worth reading:
https://www.inc.com/leila-sheridan/kevin-oleary-loves-why-his-companies-will-never-force-a-return-to-the-office/91291726

Kevin O’Leary, a real investor with actual companies laid out why forcing people into offices is a losing strategy:

“If you’re trying to say to people, ‘Oh, you got to work in an office,’ you’ll just get the bottom quartile of people who have no choice.”


What a sh... show the Q4/FY townhall

No good news anywhere, messages do not bring any clarity nor calm and employees continue to be pushed and punished... Past and current changes and transformations are not working, we continue to move as a low-cost (cheap) company and these are the results we'll maintain (low cost/cheap). I really think this company deserves more than this


CS Disco Inc. announced layoffs impacting 62 employees

Austin-based RapidDeploy raised $34 million in new growth capital. Edison Partners led the investment, bringing total funding to $87 million. RapidDeploy develops mapping software for 911 and emergency agencies. The company has secured 10 statewide contracts and serves 1,500 911 centers. Separately, legal tech firm CS Disco Inc. announced layoffs impacting 62 employees.

https://www.bizjournals.com/austin/inno/newsletter/30371778?skip=720


Stoneridge CFO Matt Horvath Steps Down

Stoneridge, Inc. announced Chief Financial Officer Matt Horvath's resignation. His last day will be March 31, 2026. Horvath will pursue an opportunity in another industry. Robert Hartman, Chief Accounting Officer, will assist with the transition. Stoneridge has initiated a search for a permanent CFO.

More info here: https://finance.yahoo.com/news/stoneridge-announces-chief-financial-officer-222000262.html


Meta Reduces Reality Labs Staff, Prioritizes Wearables Development

https://www.storyboard18.com/brand-marketing/meta-cuts-1500-jobs-as-cfo-susan-li-signals-reality-labs-pivot-towards-wearables-88694.htm

Meta announced 1,500 job cuts, primarily within its Reality Labs division. The company is reassessing its long-term virtual reality and metaverse investments. CFO Susan Li stated Reality Labs spending will now focus more on wearables. This shift includes shutting down VR gaming studios and cancelling content initiatives. Wearables, especially smart glasses, have shown stronger market demand for Meta.


Houston Meeting Update

a bunch of us just arrived in Houston-All the talk is about how much trouble the company is in & how much are workloads have increased since the company laid off 250 employees-all the talk is about the $45m deficit & the lawsuit & the upheaval in leadership-In 18 months: greed, severin, festog, donaldson, goldstein, roehrich, loughery, gutteraireez, golatt, conway, are all gone-field sales leadership suxx-We are all very skeptical-Company is still hiding things from us. Client losses keep mounting-Company cant revenue-Many are looking to jump ship right after bonus time. May god save our souls. Now time to go to the bars to get sc-hit-faced.


Why layoffs don't work?

Have a read in the link below, what are your thoughts on this article? "If overhiring or underperformance was the true problem, /…/ the companies should question their leaders, who green-lit the overhiring and may have failed to develop productive roles for their employees." https://thehustle.co/originals/why-layoffs-dont-work?_bhlid=21e02204eafb215d6fdabdea39d43e71e0027ce2