2 billion in cost cuts - more than a 1000 layoffs
only specific seems to be bringing down cable nets cost - the rest seems like it would cost more
16 replies (most recent on top)
@dt overseas cuts have started but are not openly announced or commented on... everything seems to be kept in secret, probably to avoid panic. Local offices being reduced and linear channels closed.
@a8 The writer might be factoring in the possibility of overseas jobs being cut. There was talk about it in the threads. Has there been any update on that?
@a9 That sounds like an accurate description.
These cuts are absolutely necessary for sustainability and healthy growth. Once the fat is trimmed, the company can grow into a powerhouse and benefit those who stay behind. I'm looking forward to sitting at someone else's desk.
Here
https://variety.com/2025/film/news/david-ellison-paramount-deal-challenges-ceo-1236479005/#article-comments
can someone post the link?
Cable network spinoff in the very near future wouldn't be a surprise.
The aggressive press roll in the last 48 hours is interesting. Particularly, since it's before closing.
Skydance has not produced the volume of content PARAMOUNT GLOBAL has per year. Can they handle a large global corporation and most importantly the content demands of P+?
I’m worried they are just going to almost randomly lay people off. Other than shell none of them have experience running a big company. So they will just fire now and ask questions later. Shell is not a tech person so who is going to be saving money with better automation? Owner claims to be tech but he hasn’t named anyone tech savvy in his first week. They have some folks from Netflix and Amazon but none of them worked on tech stuff. What is the skydance history of success w tech or anything else? Get ready for a lot of big mistakes w no apologies later. A lot of layoffs won’t make sense then they will hire others to take the place of those they fired. Probably going to be a California business going forward/as soon as they can have the ny leases and other stuff figured out. Brace ya selves
Um, $2 billion in cuts added to company worth just $8 billion.. do the math
Logically, that 1,000 jobs bit has to be arbitrary speculation at this point. That seems to be way too even of a number to be derived from actual inside knowledge.
"Basic technological functions at Paramount — like systems that govern payroll, data and content protection — are so archaic that another source compares it to “a semitruck running on AA batteries.”
That article seemed to pull 1000 out of nowhere. It might be way more, but I doubt the author knows anything and it’s just guesswork. Only a few people probably know at this pt.
@a6 was talking about corporate functions like Legal, HR, etc
@a1 MTVE is not ‘crazy lean’
How much do we think would affect corporate functions? Feels like all the teams are already crazy lean after last year's layoffs. And how much would remain in NYC?