800 Employees Laid off by Viacom

This should go to the media as nobody is covering it. The cuts seems to be massive and are hitting wide and deep - the rumor is that 800 employees got cut, it's across the departments with IT, sales and marketing carrying the heavy brunt of the hit. This is shaping up to be a debilitating blow, and it's almost certain that we'll be acquired shortly.

I have no insider info but it seems that they are trying to free up the cash flow in order to come across as a more lucrative buy for any potential suitor.

I survived this round (I think) but my fear is that this is just a start...

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you guys are a pawn in media tactics...stay off this page as you are feeding the wolves circling...

800 is still less than 8% which is in line with the email we got (he said 'not that many')

Based on what I know now I can say it's probably more than 100 people.

Not surprised. Feel like they’re hedging bets that CBS All Access will solve all our digital woes (yeah right). Ivory tower baby boomer and gen x executive logic.

digital teams seem to be taking hits which is especially sad because i think the company needs to strengthen its digital businesses if its to compete and evolve beyond a tv company.

Trades are saying about 100, the layoffs are in marketing and sales

I doubt the number, feels like 100 or 200 max - guessing only

I've worked with many in three different capacities over last several years. I can honestly say I'm honored to have met you and appreciate the time we've worked together and learned something from each of you.

No matter the outcome today I truly hope for all of you to find peace in whatever the results may be. Either way it lands for me I'm grateful for the time and lessons and that the anxiety and sadness I've experienced since 2013 are close to over.

The wish I have is for each of you is to find peace in the decision and that whatever the new path brings, brings you happiness and the ability to provide and care for your loved ones.

Sorry for the sappy post but I only have the ability to appreciate what's been given and what's in store.

Look at this f---ing thread, 300 views in 10 minutes, that tells a story

if we assume 10,000 employees this would be 8%, and it'd be massive but not unheard of...

nothing can surprise me nowadays

This is a business that requires knowledgeable people - let's call it a knowledge business.

Until Brad & Co understand what we do and more important what our customers need we will never win.

You cannot cut your way to profits. Long term the problem gets worse. Your best people are gone and the rookies don't know what to do. Its a real shame we don't get it.

that's a massive number where are you getting this?

a journo here - fyi - we are monitoring this and SM sites

Media will know by 3pm EST

Thread regarding Viacom Inc. layoffs

800 Employees Laid off by Viacom

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