Paramount Layoffs Begin

Hollywood Reporter-

Major Paramount layoffs are beginning today, as CEO David Ellison seeks to reposition the company and shift financial resources toward what he and his executive team see as growth opportunities.

Ellison informed staff of the cuts early Wednesday morning in a memo, which was acquired by The Hollywood Reporter. About 1,000 jobs are expected to be impacted this week.

“We want to be as open and direct as possible about the reasons behind these changes,” Ellison wrote. “In some areas, we are addressing redundancies that have emerged across the organization. In others, we are phasing out roles that are no longer aligned with our evolving priorities and the new structure designed to strengthen our focus on growth. Ultimately, these steps are necessary to position Paramount for long-term success.” more

13 Comments on Paramount Layoffs Begin

  1. All the bla-bla-bla boilerplate hype especially with the word “redundancies”.

    “In some areas, we are addressing redundancies that have emerged across the organization…”

    They should be asked: “why have you been hiring multiple people to do the same thing?”

    Emerged? What are they, mushrooms that you have no control over?

    These streaming platforms are in many ways a step backwards. They offer one or two programs that people want with the rest of it being chaff that nobody watches. How is that any different than the old cable line-ups? Not only that, but in many cases you can’t channel surf or toggle channels from ads without waiting for it to acquire or going thru a menu structure. Then go try to figure out where to watch a college game or your favorite NFL game only to find out you can’t see it cuz you need to buy another streaming service! It hasn’t gotten better, only more confusing!
    Unless you are addicted to Bar Rescue and Two and a Half Men, Paramount is in trouble because they just don’t have a good product!

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  2. “About 1,000 jobs are expected to be impacted”
    Everyone is running around with their hair on fire, “THE SKY IS FALLING, THE SKY IS FALLING!!”
    But this is out of how many total employees across all companies and branches?
    One Thousand sounds like a lot. If it’s out of 5000 total, that’s 20%, a lot. But if it’s out of 100,000 total, that’s only 1%, meh.
    And at what level are these cuts being made?
    Senior executive bloated levels?
    Or lower level workers that keep the companies running?
    (guess where my sympathies are?)

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  3. At Jay Omega

    South Park sucks.
    Are you one of Them?

    I remember talking about this the week before Charlie Kirk got shot. Thanks South Park. Thanks Daily Shit Shows. You should be so proud of your creations.

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  4. womky honky

    That’s what “Careful” was all about. She looks to be wrapped up in bubble wrap. I sent them my UPS account number and my address. I hope they throw her in a box and she’s on her way.

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  5. By the way, the story behind that video is it was taken earlier this week at some awards show. It’s all over X. Mainly because the fat women with multi colored hair, bad hygiene and to many cats are melting down.

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