I heard few people were notified. I haven’t been yet.
Performance Ratings - are these factored in to selecting who will be laid off?
For people who have been laid off so far, would you mind sharing what your 2023 end of year performance rating was (if applicable)? Exceptional, Successful, Progressing or Underperforming. Curious if these are being factored in at all to decisions.
Salary packages
With the layoffs happening, are they targeting people with high salaries? What's the average salary of an: IC Manager Senior Manager Director Senior Director VP SVP Could they hit their reduction target better by targeting middle/senior... — read more
Contractors are starting to get notified
I’m an FTE but am a close friend with 2 contractors. Both of them got notified today that their assignment will end Sept 30th Don’t know anything else or if more contractors will start to be notified soon. Just putting the word out there — read more
Compensation department compensation
I heard the compensation department got retention bonuses? Seriously?
More layoffs to come tomorrow?
Does anyone have insight into the dates of the next layoffs? Per the 3 phase layoff plan through September - I’m thinking layoffs will follow the main payroll schedule. Every 2 weeks. Last two major layoffs have happened during a pay week.
Any luck negotiating package?
Now that we’re about two weeks out from the first round, has anyone had any luck negotiating their packages yet? Have you had more success with certain elements? Who do we even reach out to to start this discussion (generic HR email address…?) — read more
Tech Layoff teams
Does anyone have information on which exact divisions or tech teams are affected by the upcoming layoffs? If anyone could provide details on specific teams, it would help us figure out if we need to start job hunting.
I can’t phantom how some teams will operate
Of course I don’t have the whole picture, but from what I can see and based on what I hear from some colleagues, I just can’t figure how some teams will be able to function given how badly hit they were. Even with the remaining people picking up the... — read more
List of names?
I’m surprised that in this day and age and all who is involved a list of who’s being affected has not leaked. Someone knows. Even a partial one. Just surprised
Unimportant layoff question
I am one of those who unfortunately got laid off. Do we need to return monitors and keyboards as well, or only laptops?
Any news on Pluto?
Do you guys know what the numbers look like for pluto teams? Product, Engineering, STE, etc?
Unemployment benefits
Has anyone that’s been laid off applied for unemployment benefits and been approved? Wondering if DOL will deny if still within the severance period.
Contract ending 9/30, manager said to the entire team "contracts ending at 9/30 will be extended". Safe to disregard?
08/13 the manager posted a message that he got in touch with dept head who assured him that all conversions are on hold but all contractors ending on 9/30 will get an extension I guess it's safe to disregard that as any kind of reassurance? Hard to... — read more
A lot of voluntarily exits impact the layoffs?
Recently there has been a bunch of employees leaving at their own will. Does that at all factor in to the number of folks that have to be let go? What are the chances that the number might be slightly reduced because of the atrition?
I can barely focus
And it will just get worse from here. How are you dealing with stress these days?
How much does a lower salary play into being kept around?
With the recent layoffs and upcoming ones, does having a meager salary actually work out for once? at least for awhile, I mean. Wondering if they are mostly interesting in cutting high earners.
Streaming contractors to be terminated on 09/30
Most streaming contractors will get terminated on 09/30. Some will get extended to 12/31 with no guarantee of either extension or conversion to FTE. Contractors will be informed by their agencies. This should happen in the next week or two. Their... — read more
Plausibility?
I wonder whether the people who run this company know an this site or regularly read the posts. Do you suppose, if they do, they have an ounce of empathy for those affected by a 15% dissolution of company assets? Oh, I forgot, workers are an... — read more
CBS
How does a company that's projected the causes of social justice, labor and liberality justify the inherent income inequality of big payouts for senior management and corporate execs, and a remaining few farthings for the hoi polloi? How do you can... — read more
Bronfman
SEC and other government bureaus concerned when Sony interested in buying Paramount, but disinterested with Bronfman, a Canadian convicted of insider trading in a French court?
Reminder to support those already laid off
Horrible situation for both the ones that were let go and the ones that remain, waiting to find out if they will be let go. Don't forget to reach out to your ex-coworkers. Remind them they ARE valuable.
Divisions Finished ??
Has anyone heard of divisions that are lay-off completed? Any new info on September divisions ?
Bronfman bid impact layoffs?
We recently saw articles come out about a potential new bidder in Bronfman. Would this potentially impact the layoffs at all? Also to consider that the shop around period with Skydance comes to an end tomorrow.
CA WARN UP
Notice date 8 16 Effective 10 12 so 60 days CA vs the 90 day NY gets per the law 95 at the Gower address 193 at Melrose 469 out of NY So that's 757 for NY and CA So we have have at least 1200ish left ? I know the last ten percent is by end of... — read more
Promotion went on hold a week before official announcements. How to represent when looking in market?
Are there any recommendations for people that are searching on how to showcase their development into the next level without the official title? Some of us were supposed to get promoted this summer and i remember hearing the news about promotions... — read more
Contractors vs FTEs?
Does anyone have any idea if contractors are going to be impacted as part of the cost savings? Let’s say a team has a number of contractors that cannot be converted to FTE, would they be let go? Would this also account towards the total number being... — read more
Anxiety and stress all the way through November
And I can’t trust them that it will be the end of it. Who’s gonna survive that mentally? Who will manage to stay focused? We’ll all fall apart before it’s over. Just coming to work every day will be more and more stressful, and I can't even begin to... — read more
High Stress & Short Tempers
With all this BS, let’s keep in mind that our colleagues are likely going through the same anxiety and anger. Tempers may get short - but it’s not personal. Let’s keep that in mind and be a bit more forgiving with both ourselves and others. — read more
Warn Notice up NY
Says 469 employees affected -different site addresses Total employees 7576 Lay off starts date is November 11 -that's NY 90 days goes to Feb 2025 On DOL website
layoff severance package
For those who have been laid off this past week, first off, I’m sorry! You don’t deserve this (no one does). I’m wondering if anyone could share details of layoff package received? Severance pay (# weeks per year of service and was it capped at... — read more
What groups are being affected in September?
Does anyone know what areas will be hit with the layoffs in September?
Now Roku!? No shot, right?
https://www.indiewire.com/news/business/what-does-roku-want-paramount-analysis-1235037091/
Pluto news?
I'm guessing they'll get hit on Sept. 24th with the rest of streaming, but has anyone heard what the plan is post-merger? Are they in plans for the future or just a tag-a-long?
So sorry, guys, this is happening to us
I wish us all luck. I hope all those laid off this round will land on their feet soon. To the rest, try not to be anxious and stressed about what’s coming. Our well-being is worth a million times more than any job and company. Things will turn... — read more
HR cut after doing the dirty work
Imagine having to deliver the bad news to employees across the business, dealing with their tears and anger while trying to do the shittiest part of your job. Then you get tapped on the shoulder and told you’re done. This place is dark. Anyone... — read more