Last night I had dinner with my friend in HR, and yes, June 10 is confirmed!
I'm obviously not going to share their name, but they are working towards Tuesday, June 10, and it's not just US-based people.
They said there are a lot of streaming and lagacy based cable people on the lists and also non-US based people.
It sounds like it might be a bloodbath
From 1-10, this will be a 8
When it happened to me, the whole talk was "yeah we don't know anything - it's all coming from above" They didn't tell me... because it was me
So we just got a "read between the lines" confirmation in a C-level Office Hours today. Without saying it directly, it sounds like, yes, this is happening. They're all being very tight-lipped about any specifics, but it is what it is. Godspeed, everyone.
@25r so CBS staff - that would mean? today seems to be the first day that's leaked out... before it was cable and streaming . have you been told to WFH if you want to answer?
Just heard from multiple managers under GC that layoffs are in fact next Tuesday. So it would appear layoffs are company wide. My bosses are in the dark though (or so they say).
@ce So many toxic bosses in this company!
@1st hire new workers 🤣 I have to transfer to that division! teams in my org haven’t been able to backfill in years
@11f names r final. The only exception is if non targeted workers quit. your boss has the choice to keep the workers who were on the list or hire new workers.
@16b Dan reich and hanson Wong
who is Danson?
Welp, Community Day is postponed. It was supposed to be June 11, which would have been pretty awkward if we’re looking at June 10 layoffs.
Are y'all hearing Danson bs-ing their way through the questions about layoffs? Be real, open up what's happening.
Streaming only. We haven’t had a full company town hall in… a long time
is the Town Hall all Paramount or a certain division in the company?
There is a Town Hall the week after, but not before June 10
Are the names final? Any solid information around this?
@117 in the past they’ve been let go or not had their contracts renewed.
Any idea what happens to contractors? Will they just not be renewed, cut early, or unknown yet?
@10j According to my understanding, the decisions are essentially final. They are just waiting for sign-off from the top which should come later this week, then HR can work on the details next week and provide them to line managers late next week.
Also people need to stop saying it won't hit domestically; that is totally wrong. Domestic will be hit, and so will international. All areas of the company are going to see cuts.
Any idea when decisions were made?
For the late September 2024 round I recall decisions being made in early July, and every group had a number to hit.
With that logic is it safe to assume management made decisions ~ March?
@sj do you know what anonymous means? SMH.
@sj it’s really freaking you out to know isn’t it? Are you paranoid that it’s you?
@ce ohhh do tell, what CEO is she under?
@b7 it su-ks because leadership su-ks
I hope my boss gets canned this time. She is extremely toxic.
anyone have any CBS info - specifically sports That doesn't seems to be this HR division.
It can easily take 3-6 months to land the next gig and that probably on the faster end. "Always be interviewing" is the "new always be closing"
Good luck! being proactive is the best way to combat this never ending stress
They target streaming because the app su-ks, sorry, it really does. Plus during the hiring blitz they over hired and over paid.
@OP To add to what I said, they didn't suggest it was just execs. I got the feeling it was all levels. Also thinking about it they did mention ad sales in passing which doesn't surprise me as we all know ad revenue is down. But they don't look after ad sales as they are HR for another area. I didn't want to press them on it. It was more the fact that they confirmed the date we feared.
Do we think execs will be majority of the cuts?
I heard Skydance has a brand new leadership team for the org. Anyone heard the same?
thank you for this ...
this all seems under CM- cable and streaming
not sure about the International folks -
was anything under BR or GC mentioned - you may not want to answer
but sounds like the lists are in ..
i think the CEOS will stay put until SD bc of their deal.
@ad+1jvw34st1 I think Skydance has their own plans and people in place for streaming.
Did they mention plans to announce it in a Town Hall? Or is it just going to be a surprise email?
Thank you for sharing. Prayers for everyone 🙏🏽
they must have an alt plan for streaming if thats the case.
Are all 3 Ceos staying put?
Also can we PLEASE look at the over inflated "leadership" teams? I know in our org, there is 1 president, 4 EVPS, 8 SVPS..... Think about the amount of DO'ers they could save by just getting rid of 1 of those...
I really don't understand why they keep targeting Streaming, as that's where the future is, and it's starting to do well in general.
But thank you for the insight! This kind of post is what makes it worth checking in here.