[ Paramount Global expects to take a $1 billion charge in the current quarter due to ongoing programming shifts and the layoffs it announced earlier this month. CFO Naveen Chopra delivered that outlook during the company’s fourth quarter earnings call with Wall Street analysts. The company is “making a variety of important changes to our … Read more
[ Rise of online astrology platforms: Young professionals and startup founders in India are increasingly seeking the guidance of astrologers to navigate the challenges of their careers. With pay cuts, career stagnation, and potential layoffs, these individuals are turning to online astrology platforms to gain insight into their future prospects. Some online astrology platforms told … Read more
[ EXCLUSIVE: One of the UK’s biggest sports producers could lay off around 5% of staff as the troubling economic headwinds hit the world of sports production. Around 25 to 35 people at Endeavor-owned IMG Media‘s production arm in London are to enter a redundancy consultation process. Deadline understands the consultation was launched earlier this … Read more
[ Paramount Global has begun a planned round of layoffs, telling U.S.-based employees that those affected by the cutbacks will be notified by the end of Tuesday. An internal memo from CEO Bob Bakish (read it below) did not disclose numbers. A person familiar with the cutbacks estimated the total number at 800, which is … Read more
[ UPDATE: The layoffs of more than 20% of the Los Angeles Times newsroom elicited sharp criticism from the guild, saying that it was handled in a “brutal and inhumane way.” “The Times chose long planned mass layoffs via a webinar in which staff members weren’t allowed so much as a question,” the guild said … Read more
[ The tech sector’s tough times continue. Riot Games, the video game developer behind the popular League of Legends and Arcane, the Netflix series on which it is based, is laying off about 530 staffers worldwide in a move its CEO described as a “decision [that] is critical for the future of Riot.” The cuts … Read more
[ Sports Illustrated‘s stunning mass layoffs Friday, which cast doubt on the future of the 70-year-old media stalwart, have prompted waves of emotional reaction across social media. The Arena Group told the entire staff their jobs were being eliminated after Authentic Brands Group, which licenses the SI name, suspended that license to publish due to … Read more
[ UPDATED, 5:36 p.m PT: The Los Angeles Times Guild is calling for a one-day walkout Friday as a protest against planned layoffs. Newsroom leadership confirmed earlier Thursday that layoffs are anticipated. The Los Angeles Times‘ Meg James, citing unnamed sources, wrote that the plan is to lay off at least 100 journalists, which represents … Read more
[ YouTube is the latest tech division to feel the layoff pain. The company will eliminate 100 employees, a spokesperson confirmed today to TechCrunch. The moves come after Google laid off more than 1,000 workers across several divisions, including engineering, services and voice-activated product Google Assistant. “As we’ve said, we’re responsibly investing in our company’s … Read more
[ Google announced Tuesday morning in an email to employees that “several hundred” more would be laid off in its latest round of cuts amid restructuring. In an internal memo, Google Chief Business Officer (CBO) Philipp Schindler confirmed that hundreds of jobs globally in the advertising sales department would be eliminated or “put at risk,” … Read more
