Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Report: Paramount Set to Lay Off ‘Hundreds’ Across Nearly All Divisions in Latest Hollywood Bloodbath
Breitbart ^ | 1/22/2024 | David Ng

Posted on 01/22/2024 2:17:52 PM PST by T.B. Yoits

Paramount Global — the parent company off CBS, Paramount Pictures, Showtime, and numerous other media properties — is reportedly set to lay off “hundreds” of employees across nearly all of its divisions.

The impending cuts represent the latest Hollywood bloodbath following layoffs at other corporations, including Disney, NBCUniversal, Amazon MGM Studios, and Universal Music Group.

Hollywood is feeling the squeeze on multiple fronts. Households continue to cut the cord by the millions while the advertising market is still in the doldrums due to poor consumer sentiment tied to President Joe Biden’s economic policies.

Meanwhile, consumers are cutting back on discretionary expenses, like entertainment, as the cost of food, energy, insurance, and other essentials continues to skyrocket.

Paramount’s layoffs will be in the hundreds, affecting virtually every division, with senior executives given reduction targets to hit, according to a Deadline report. The layoffs will start February 1, with those affected being told to leave as quickly as within three days.

Last year, Paramount slashed 25 percent of its employees across multiple media properties. As part of the reductions, it shut down MTV News.

By subscribing, you agree to our terms of use & privacy policy. You will receive email marketing messages from Breitbart News Network to the email you provide. You may unsubscribe at any time.

Paramount’s case is somewhat unique given the acquisition rumors that have swirling around the company in recent months. Among the potential suitors is David Ellison’s Skydance Media, which teamed up with Paramount on Top Gun: Maverick and the latest Mission: Impossible movies.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Music/Entertainment
KEYWORDS: hollywood; labor; layoff; layoffs; paramount; streaming
Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last
To: T.B. Yoits

I talk a lot about the conservatives who continue to pay the mainstream media to entertain them no matter how often they lie about us or incite violence against us, but to those of you who cut the cord, good job. You are making a difference.


21 posted on 01/22/2024 2:45:22 PM PST by TwelveOfTwenty (Will whoever keeps asking if this country can get any more insane please stop?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: T.B. Yoits

Hows that Biden Trainwreckonomics working out for you HollyWierdoes?


22 posted on 01/22/2024 2:57:53 PM PST by bray (You can tell who the Commies fear.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dilbert San Diego

Anything past 1965 is propoganda.


23 posted on 01/22/2024 2:59:04 PM PST by bray (You can tell who the Commies fear.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: DiogenesLamp

I reached out some months ago, and no reply.


24 posted on 01/22/2024 2:59:47 PM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: T.B. Yoits

The world needs more gay tranny characters on TV....

I’ll stick to Troma Films.


25 posted on 01/22/2024 3:04:14 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eye)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ConservativeMind

Sorry to hear that. He was a gas. I hope nothing has happened to him.


26 posted on 01/22/2024 3:07:42 PM PST by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
[ Post Reply | Private Reply | To 24 | View Replies]

To: Organic Panic

We have been watching on Tubie older movies/shows (<=2010) very few to none LGBTSQXYZ. Very Refreshing.


27 posted on 01/22/2024 3:09:17 PM PST by VastRWCon (Fake News")
[ Post Reply | Private Reply | To 25 | View Replies]

To: bray
Anything past 1965 is propoganda.

There was stuff back then that was propaganda too.

I recall seeing a movie years ago "I want to live!", which was all about trying to get people to oppose the death penalty.

It was made in 1958.


28 posted on 01/22/2024 3:11:08 PM PST by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
[ Post Reply | Private Reply | To 23 | View Replies]

To: DiogenesLamp

Don’t forget The BirdmAN OF Alcatraz. The real guy was really bad.


29 posted on 01/22/2024 3:45:51 PM PST by packrat35 (Pureblood! No clot shot for me!)
[ Post Reply | Private Reply | To 28 | View Replies]

To: T.B. Yoits

Hahahahhahhahahah ha h hahah haha


30 posted on 01/22/2024 3:46:30 PM PST by ducttape45 (Proverbs 14:34, "Righteousness exalteth a nation: but sin is a reproach to any people.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: T.B. Yoits

The Great (AI) Reset continues.


31 posted on 01/22/2024 3:50:17 PM PST by yelostar (Spook codes 33 and 13. See them often in headlines and news stories. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: T.B. Yoits

Good ol Ace and Gary


32 posted on 01/22/2024 3:57:55 PM PST by Fledermaus (It's time to get rid of the Three McStooges; Mitch, Kevin and Ronna! 1 gone, 1 almost dead. )
[ Post Reply | Private Reply | To 15 | View Replies]

To: DiogenesLamp

There were some Communists back then but more than half were patriots. Not like today where everything is Communist propaganda.


33 posted on 01/22/2024 4:25:35 PM PST by bray (You can tell who the Commies fear.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: T.B. Yoits

For months now, I’ve seen all these stories of lay-offs in every industry (except government). Yet, we never see it seem to show up in the job reporting numbers. And, I’m seeing comments from people saying they can’t find a replacement job.

My sister, who works in the real estate closing industry, texted me just this afternoon letting me know she has been laid off after seven years with the same law firm. She asked me to let her know if I hear of any openings in her field. The reason was that they did not have enough work to continue employing her. She processed home sale closing documents. That speaks volumes.


34 posted on 01/22/2024 4:39:14 PM PST by CFW (I will not comply!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DiogenesLamp

Same. Loved his insight.


35 posted on 01/22/2024 4:59:38 PM PST by RushIsMyTeddyBear ("Equity" = "All animals are equal. Some animals are more equal than others.")
[ Post Reply | Private Reply | To 26 | View Replies]

To: CFW
Everyone involved in real estate is facing layoffs. Some of the loan companies have had large scale ones.

It's going to be difficult to reopen the gates again as people avoid such industries. Happening right after the Democrat Riots of 2020, the Scamdemic lockdowns, and the illegal diktats to take the Jim Jones Jab, there are entire industries that are going to have an impossible time attracting anyone to join, because of the risks.

36 posted on 01/22/2024 5:07:14 PM PST by T.B. Yoits
[ Post Reply | Private Reply | To 34 | View Replies]

To: T.B. Yoits

“Everyone involved in real estate is facing layoffs.”


As I said, I hear the same thing in anecdotal stories. However, the official numbers and the media tell us “Everything Is Awesome”!

I suspect they are propping up the narrative while assuming that Trump will take office in November. At that point, the stories of the economic disaster our nation is facing (Unexpectedly! they will exclaim) will be published daily.


37 posted on 01/22/2024 5:18:51 PM PST by CFW (I will not comply!)
[ Post Reply | Private Reply | To 36 | View Replies]

To: T.B. Yoits

The only good thing about Bidenomics is leftards are taking a hit!


38 posted on 01/22/2024 8:26:41 PM PST by vpintheak (Pinko misanthrope)
[ Post Reply | Private Reply | To 1 | View Replies]

To: vpintheak

The Big Crash is coming—We are out of money. The skys of New York will be full of once rich people falling from skyscrapers. It will be 1929 all over again. Famine will stalk the land. Pets will become food. In the face of this and a rise in Communism (real kill the rich Maoism this time) the government will still send money to Ukraine for the war and keep up the illusion of a US world empire.


39 posted on 01/23/2024 7:05:38 AM PST by Forward the Light Brigade ( Ride to the sound of the Guns!)
[ Post Reply | Private Reply | To 38 | View Replies]

To: packrat35
Yes, Hollywood minimizes the evil done by people they want to highlight.
40 posted on 01/23/2024 9:01:58 AM PST by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
[ Post Reply | Private Reply | To 29 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson