Thread regarding ViacomCBS layoffs

Layoffs at CBS in marketing

Well, it happened...

Sad that we are here. Prayers to everyone. Next few months will be unprecedented.

FYI layoffs in CBS News in newsgathering today. fourth time in two years? mostly execs left, very few people doing actual newsgathering remaining.

i know this sub was about streaming initially but has anyone hears about divisions under CM or GC ?

hr has been meeting with seniors non stop every week lately

June 10 mentioned below is likely. It's almost always on a Tuesday. Does anyone know what divisions are to be targeted? Pretty much every division and team took a hit last year. I knew personally 3 entire teams that got let go. It was bad.

is the Marketing/Data town hall for Streaming only or are other division having any ?

Congrats on the d-mbest post of the year so far. They don't pay anyone to be in or work remotely, they pay people to do a job.

Stop complaining about coming into the office for 2 days! WTF. It is your job and they pay you for it. Some teams have been coming in 4-5 days a week, even during Covid.

If you don’t like it, find a new job. Or offer yourself up for the upcoming layoffs - which are June 10 from what I hear. Great way to kick off Community Day! Which is nonsense and no one cares about,

so much irony in tech companies pushing AI and Convenience to simplify physically doing things, except for when it comes to remote and hybrid work...

I'm under PW's umbrella, and he too seems to be making incremental steps away from remote and possibly eventually even hybrid with requiring us to be in office "at least" 2 days a week, including the now mandatory "Tech Wednesdays."

Perhaps they're all aware that SD isn't so friendly to remote work.

I don't actually care though, personally. I'm just hoping to not lose my job through no fault of my own. But it is what it is.

I am from another division and we were more than told to expect returm to office 3-4 days when SD takes over. Fully remote may stay that way but hyrbid should expect 4 days by end of year. Layoffs are expected but we never heard first week in June. Those names would already be in if its like previous rounds.

Vibol didn’t say anything about layoffs but it seemed like he implied a return to office. He said that when he went to the Skydance office that they had a lot of people working there and it was full, but when he went to our office in West Hollywood that it was empty. And he said “I’ll just leave it at that.” Someone else asked if Skydance was aware of how we operate since most of us are remote and living in other cities/states, it would be hard for us to carry stuff back and forth. He said Skydance was aware of how we operate but he didn’t elaborate further. It seemed like he was totally for us going back to the office. In my opinion, I think some people will at least be hybrid because he was speaking about our office being empty like it was a bad thing.

Can someone summarize what Vibol said on office hours regarding in office and layoffs?

How do I know if I'm a DEI hire? is that anyone who is not a white male? Thankfully I am neither because at this point I would rather take a severance package than return to office or work for the ugly-as-sin Ellisons (seriously, why do they look like that??)

1st week of June. Wow

Did Vibol just imply we would be in office?

NWS Engineering was told about layoffs occurring in the first week of June. Anywhere between 15-25% will be impacted.

If you’re in Streaming Tech, Vibol is having his office hours over Zoom at 9am PST. It might get brought up

anyone have a june date for streaming layoffs?
or divisions within streaming ..

To answer the question regarding a heads up from the CEO's, in the email they just sent, they threw in there, "...looking forward given the uncertainty, we are prioritizing key investments while taking incremental steps to reduce non-content costs."

We all know what that means..

The closest thing to a Overall Town Hall is the Data & Marketing Town Hall next week.

Does anyone know if we’ll get a heads up about this layoff from the CEOs? Or will it be a quiet series of layoffs?

To mitigate destabilization - At this point, additional cuts are only possible by consolidating brands/assets.

I wouldn't be surprised if they just consolidated multiple brands at this point.

After cable got hit so hard last summer I can’t imagine even more without fully shutting down channels, but I did not anticipate that to happen until we see the SD plan. This is ridiculous!

i had heard SD wanted a four day in the office (even though some divisions dont have the office space) and expected people to leave over that ... but June layoffs seem before they take over ..

All sentiments are warranted here. The last few years has been a ride of change and uncertainty. Praying for everyone as we enter into a new chapter.

Looking forward to the All Hands meetings where nothing really gets addressed and we’re left feeling more confused.
/s

Whoever survives can look forward to more trite BS emails about "hard decisions" and how "we had to say goodbye to many colleagues" and "thanking them for their contributions" and so on and so forth.

Let's see some "hard decisions" like some of these 7 figure "leadership" members taking a salary reduction to save some $50k jobs if they want to maintain any respect from those who make them all that absurd income.

Oh for sure, in the meantime we’re getting more work without any adjustment to our pay. Leadership is acting like they’re annoyed by us.

I would submit that they are hoping some people will just leave on their own accord to help them reduce numbers.

I really don’t know how they expect everyone to keep working like this.

anyone have the date in June?

am I understanding this correctly - 500 million in 'savings' per year on top of the 2B identified by Skydance

The organization is very slim now within brands. Additional cuts are possible by consolidating divisions or assets/divisions?

How much and what of streaming will be cut if anything?

The cable brands took a brutal hit last year. The network (one of the smaller ones) I work the most with lost what appeared to me roughly 75% or more. I can't imagine even more, but of course it's possible and likely even. Ugh.

Yes June layoffs are coming. Areas will see 5-35% layoffs because some areas of business are shutting down completely. I've heard its not just the US this time. I heard that June/July was always planned to have layoffs but it was expected it would be done by skydance but as that is delayed they still need to do the layoffs to balance budgets.
I would expect cable to be hit hardest this time as skydance said its not a priority and Paramount wrote off lots of book value last year.