[ Byron Allen‘s Allen Media Group confirmed Thursday that it is undergoing layoffs as part of strategic changes “to better position the company for growth.” According to a statement, the changes include “expense and workforce reductions across all divisions of the company,” which includes network, broadcast and syndication divisions; The Weather Channel; digital network TheGrio; … Read more
[ NEW DELHI: Tesla has decided to release 300 temporary workers in Germany as per their contract period, the e-car maker announced on Thursday. The decision aligns with the company’s objective to reduce its global workforce by 10 per cent.“These are not layoffs of Tesla workers,” emphasized a spokesperson for the company in Germany, where … Read more
[ EXCLUSIVE: We understand that Marvel underwent a handful of layoffs Monday, with 15 employees impacted across Marvel Entertainment in New York and Marvel Studios in Burbank. Those let go include junior employees in production and development at Marvel Studios. These cuts are due to Marvel reassessing and reducing their slate. Duly note, Marvel Studios … Read more
[ CBS News is shuttering its Tokyo bureau, impacting three employees, following earlier cost-cutting in the division. Foreign correspondent Liz Palmer, who has been based in Tokyo, will move elsewhere. The network will continue to have a presence in Asia, the network said Wednesday. A network spokesperson said, “CBS News will continue to have a team in … Read more
[ EXCLUSIVE: More details are emerging about the restructuring in the film division of Fifth Season earlier this week. Along with the change at the top of the unit, with Alexis Garcia stepping down to launch a new venture Fifth Season’s backing and Christopher Slager being promoted to replace him as Head of Film, there … Read more
[ BENGALURU: A group of experienced American professionals has accused TCS of firing them on short notice and filling many of their roles with workers from India on H1-B visas, the Wall Street Journal reported on Friday.The American workers alleged that TCS illegally discriminated against them based on their race and age, firing them and … Read more
[ EXCLUSIVE: There have been more layoffs at CAA today. According to sources, less than 20 people were impacted and all have already been notified. They are said to be across a handful of departments in content areas that have been the hardest hit by the ongoing Hollywood contraction. A rep for CAA, which employees … Read more
[ EXCLUSIVE: Prime Video is today beginning job consultations with staff in Europe, we hear. It’s understood a figure of less than 5% of staff face layoffs through the cuts, which were triggered earlier this year when VP of Prime Video in EMEA Barry Furlong unveiled a restructure that impacts Europe, MENA and Africa. The consultations are … Read more
[ UPDATE: As expected, layoffs commenced today at Universal Music Group, which includes Interscope, Republic, Capitol, Def Jam and Island, as well as catalog division Universal Music Enterprises and UMG corporate. The layoffs started after Wednesday’s fourth quarter earnings call, where CEO Lucian Grainge talked of a “strategic organizational redesign.” EARLIER: Universal Music Group is planning … Read more
[ Electronic Arts, which makes such games as Madden NFL and Apex Legends, said today that it plans to lay off five percent of its employees and will discontinue work on several games. The announcement continues the ongoing downsizing in the gaming and tech space, a development that has seen thousands of jobs lost. EA … Read more
