Does anyone know if PBEs are on the chopping board?

New details- or info heard there were lots LA meetings today new thread for layoffs info - division :location : severance for next Tuesday

Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to merge with Skydance Media. The layoffs, which will... — read more 

legal, communications, tech, marketing, corporate functions will be hit (may have missed a few depts in there)

As for marketing teams. It's streaming and corp marketing teams mainly (think 50%+). There are a few people in cbs, MTV and studies, but the main layoffs are in corp and streaming. The corp ones will probably go next week and streaming in Sept round... — read more 

A momentous couple of weeks for Paramount Global are underway. Its second-quarter earnings are due out today, the “go-shop” period in the $8 billion Skydance deal closes August 21, and a new round of layoffs is expected next... — read more 

Check out the latest deadline article for more leaked deets https://deadline.com/2024/08/paramount-global-layoffs-earnings-skydance-deal-1236034096/

Layoffs are Tuesday August 13th and it will be a lot of corporate functions. A bigger round for tech and others will be September 24th and those are the only 2 planned dates. Good luck Is this confirmed? (Source: @OP+1tSABJyT)

Michael Engleman, Chief Marketing Officer for Paramount+ Domestic and Paramount+ with Showtime, will be leaving Paramount Global later this month. He just announced his departure in an internal memo. Co-CEO George Cheeks revealed in June that... — read more 

Place our bets. Do we get layoffs before earnings or after?

https://finance.yahoo.com/news/apex-capital-trust-submits-competing-130500519.html That sounds too good to be true? If true what difference would it make for us?

“During a town hall last week, McGarvey reassured staff that Paramount — which owns Network 10 — did not have short-term plans to cut local jobs, despite significant layoffs at Seven West Media and Nine Entertainment, according to three sources... — read more 

Paramount Global (PARA.O) will continue reducing the size of its workforce until its merger with Skydance Media closes, the company’s co-CEOs said in a memo seen by Reuters on Sunday, hours after the companies announced the deal. Paramount will... — read more 

https://nypost.com/2024/07/08/media/skydance-ceo-david-ellison-and-scandal-scarred-media-exec-jeff-shell-signal-2b-in-cost-cuts-for-paramount/

The M&A “noise” surrounding Paramount Global following the end to sales talks with David Ellison’s Skydance Media won’t dissipate any time soon, but the company must address profit declines and focus on a plan that can set up the entertainment giant... — read more 

Shari is pulling the plug on Bakish. Welcome to the club, Bob. Looking forward to your sh** posts here. https://variety.com/2024/biz/news/ceo-bob-bakish-out-paramount-global-1235984507/

heard one new layoff out of NY .....

The news sub-sector of the media industry saw layoffs rise a staggering 1,660% in January from last year. Big name news outlets such as The Wall Street Journal and CBS News have announced layoffs in recent weeks, while news startup The Messenger... — read more 

The cuts come after CBS, owned by Paramount Global, saw record-breaking advertising and sales during Super Bowl LVIII that drew in 120 million viewers, according to the... — read more 

Please tell me we are. I’ll be nuts by the time it’s over.

Management sc--ws up and guess who suffers. Not Managenent! Just the people in the trenches! Same old story! Just the time frame changes!

Report here... The location and departments you're aware were impacted by layoffs and what severance/benefit packages are being floated. *Remember you don't have to sign any paperwork they gave you yet

Good luck to those affected... https://www.hollywoodreporter.com/business/business-news/paramount-layoffs-memo-staff-cuts-1235823470/

See: Variety article What impact, if any, does this last minute move have on layoffs for this division? And what about those currently part of a union?

anyone have the link or directions on how to get a W2. My severance ended middle of last year... no response to my inquiries . thanks!

https://deadline.com/2024/01/paramount-global-layoffs-february-1235798785/ For the past several days, there has been chatter that Paramount layoffs of about 800 are imminent. It followed a WSJ report in December that the company was mulling the... — read more 

Variety article discussing 1000 plus layoffs???

Showtime sports announcement went out a while ago. That’s a lot of jobs that will be gone by January. Bellator MMA gets sold so that’s another part of paramount that will be gone. Why would they decide to say bye to their sports entities? So many... — read more 

The audience is shifting to the creator economy - youtube is stealing the audience, and the fact that the NFL is migrating there is all the proof you need. actors and writers stomping their feet are like horse and buggy manufacturers going on strike... — read more 

Netflix has explored Paramount for its studio business, and with Paramount on shaky ground, Wells Fargo recently called its breakup "inevitable," stirring speculation of a sale. Netflix also looked at MGM before Amazon bought it for an eye-popping... — read more 

With the Tiffany networks main star being on the chopping block. What's your thoughts boys?

Loop Capital analyst Alan Gould upgraded his rating on the stock to "Hold" from "Sell" on news of the cash infusion, but kept his price target at $14. He outlined a "bull case" for the shares that envisions Paramount selling at least some of its... — read more 

Just announced - layoffs happening today!

Oh how I wish the project base employees could come together at a time like this. Unionize! He-l, something. The amount of fellow coworkers I have that have been promised for years they’d be made staff is disgusting. They’re doing the same exact work... — read more 

This is what this company is wasting its time, money, and resources on, while our arrogant, incompetent, and ignorant leadership just pretend as though we aren’t getting btfo’d by the creator economy. No way is this esg sh*t sustainable, it’s only... — read more 

Has there been any news lately? A while ago this week was whispered about as the possible timing for more layoffs, I'm trying to determine if that is happening or not. I personally think that having any more cuts at this point would be a huge... — read more 

Hello! Wondering if anyone else affected by layoffs in 2022 got their W2 mailed to them yet? I still haven’t and do not wish to reach out to the company personally… they definitely had my correct address.

Showtime is not profitable and they couldn't find a buyer to assume the debt. McCarthy now has until 2025 to turn it around. It truly is "Showtime". Paramount plans to merge its Paramount+ and Showtime businesses, a consolidation of linear and... — read more 

With PARA approaching $16/share it reminds me that history might not repeat itself but it sure does rhyme. Only this time, content creators are eating Bob's lunch and there's no Hulu deal coming to bail us out. November 4 2008: Subject: On behalf... — read more