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 ...
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.
Hows that Biden Trainwreckonomics working out for you HollyWierdoes?
Anything past 1965 is propoganda.
I reached out some months ago, and no reply.
The world needs more gay tranny characters on TV....
I’ll stick to Troma Films.
Sorry to hear that. He was a gas. I hope nothing has happened to him.
We have been watching on Tubie older movies/shows (<=2010) very few to none LGBTSQXYZ. Very Refreshing.
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.
Don’t forget The BirdmAN OF Alcatraz. The real guy was really bad.
Hahahahhahhahahah ha h hahah haha
The Great (AI) Reset continues.
Good ol Ace and Gary
There were some Communists back then but more than half were patriots. Not like today where everything is Communist propaganda.
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.
Same. Loved his insight.
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.
“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.
The only good thing about Bidenomics is leftards are taking a hit!
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.
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.