Thread regarding Paramount Global layoffs

It is the viewers' fault that no one watches our channels. I am 3 decades out of the demo and don't know a single viewer but da---t I should be able to stay at my job and convince the new leadership that nothing can be done and it's all the viewers fault. What's important are my pronouns!

For divisions that are now overseen by legacy Skydance "leaders" or some of the slightly inept people they've brought in to "move fast and break stuff," I expect that at least some of the thinking was "How 'Hollywood' is this staff?" Right from the start, when they pared down the three-EOs: Cheeks just FELT 'Hollywood.' McCarthy and Robbins, despite striving to BE 'Hollywood' were most decidedly NOT 'Hollywood,' and therefore they were out.

Whiteness.

Money! When it’s mass layoffs like this, you’re just a number. We lost the best of the best.

Money and favoritism

Money, it's always money. As long as AG and JS are whispering in nepo's ear, they;'re going to squeeze every penny from this place. They're whole plan is to get rid of expensive people and rehire them in a "low cost" area like Nashville. Many of those VPs are just people that have been at the company forever and do actual work. I'd like to think they cut a bunch of the useless VPs this round.

I am impressed by the number of VPs let go this time but not in Streaming. However, director-level positions were impacted. Some of them hard workers and others don’t. So, I don’t see the criteria being other than $$.

@ar Post it here.

@at I don't think that's consistent across the board. A sr manager was retained on my team while the more efficient manager was let go..

@ar can you share the list? Or how to obtain it?

Sure, costs were a big part of it. Favoritism is always a part of layoffs. I mean look at the entire CBS and P+ orgs. Execs surround themselves with people they are "comfortable" with.

New leadership clearly wants a smaller and more efficient org. Consolidating the linear business, removing duplicative roles, removing the remnants of the old guard and their loyalists. Also, consolidating leadership to the west coast. I doubt the existing leadership structure will hold much beyond the next earnings call though.

Best of luck out there. Stay frosty.

My experience as a group VP was: money. I lost my hardest workers over a 5 to 10k salary difference over another on the team with absolutely no regard for work output or effectiveness in the role.

@a9 I have the list you would be suprised how many VPs and up were let go.

money target is the answer , while they use layoffs to trim dead weight when there is someone really on the bubble, its much more common with these large scale cuts to be about what that employee costs the company. Employees with long tenure are likely to be expensive in their position, or if its an outside hire from recent years, they might have been more $$ than the average person at that level.

it was a money target at the discretion of EVP and SVP as long as they weren't impacted ...

Hardwork, attitude, value to the team.