As per this article paramount expected to do 1600 plus additional cuts .
https://nypost.com/2025/11/10/media/paramount-skydance-to-slash-1600-more-jobs-after-revenue-disappoints-but-issues-upbeat-forecast/?utm_campaign=nypost&utm_source=twitter&utm_medium=social
@dr Exactly, if you are "non-production" or "non-business" or in any other non-core function role for this company, you no longer need to be in the office, nor at the company at all. Good luck to you.
@df For any non-production employee that doesnt have an issue with going from 0-2 days straight to 5, then you're pretty much a sheep. They tell you to jump, and you say how high.
@db New management has a plan. Previous management didn't. Stock up 10% today. if you don't like, leave.
@cz 100% which is why they requested that all non-production roles work fully remote in December so facilities teams can "get the workspaces ready" for RTO.
If it is so critical for "non-production" roles to be in the office, then why is it fine for everyone to be fully remote in December? Oh my how productivity is going to suffer!! Might as well sell all your stock since Q4 results will reflect this. lol.
@ad and you sure as heck don't work in HR. The 600 number is correct.
@cp Tech and Engineering roles are generally better suited for remote work. Production, Creative and Business (+ all support functions for these) are better suited for RTO. My experience is one of frustration dealing with small issues where a zoom call or email is required to obtain answers from colleagues, as opposed to being in a workplace where these types of minor issues can be dealt with efficiently. Remote work got us through the pandemic, it was always a temporary thing. Whether you like it or not, or agree with it or not, the company has determined that RTO is how they want to establish the work culture going forward.
We all know the RTO mandate was just so they could get a few hundred resignations so their layoffs don't look as bad. So disingenuous. Being office-based and "a modern and lean company" are two opposite things. Most farcical bit was the "most important and pivotal moments of my career happened in a meeting face-to-face" line in DE's email. I'm sure those moments are what propelled him to become the CEO of a major Hollywood studio, not daddy's billions, of course. Soon only talent, executives and VPs will be able to have a career in media.
Again, who was it that said Ellison was going to be great for the company??? Ellisons are buddies with Trump we're in good hands... One of your loudmouth know-nothings
@av i know the deadline article said another 1000 to go stateside but i saw that nowhere in the earnings report... just the 1600 south america
FU-K DE
Dec 2nd
Why do you all linking these articles? Is that so hard to read an actual PDF that is publicly available? Or is it no fun without some speculation?
Deadline says 1600 related to Argentina divesture, 600 voluntary resignations, plus another 1000:
"Regarding the 1,000 let go Stateside (with another 1,000 to come) the company said in a letter to shareholders that approximately one-quarter of Par’s senior vice presidents and above were impacted by the workforce reduction, “enabling us to streamline decision-making and reduce the friction that can prevent great ideas from advancing.” The company called it part of a broader organizational transformation “to flatten our structure and enhance agility."
https://deadline.com/2025/11/paramount-says-600-staffers-took-buyouts-after-return-to-office-mandate-1236613156/
@aj Plus International, still pending
@a9 not true is was 500
i know the Post and LA Times article note tne 1600 layoffs but the earnings report does show it completely related
to divestiture in chile argetina etc... not a new round of 1600
seems like that with layoffs plus RTC offers will put the company close to 3000 layoffs
here's the link way at the bottom ..
https://ir.paramount.com/static-files/53c82d68-0e50-45cf-a8b9-3023c5ce9cc7
@ad oh ok my dear “work in HR”, so you are accusing David in violation of SEC Rule 10b-5 for which he may be facing up to 25 years in prison for securities fraud?
@aa I work in HR so I know what the actual number was, it sure as heck wasn't 600
@a9 it looks like it was 600 my guy..
https://www.businessinsider.com/paramount-skydance-600-employees-severance-offer-return-to-office-rto-2025-11
@a9 oh ok I guess FTC gonna have questions now because they lied in the earnings report. Or - you just full of sh-t.
@a5 600 people didn't take the separation offer, the number was under 100.
Another article mentioned around 2000 additional playoffs. Around 600 people took the separation offer.
buying companies with no money? easy !, just to fire those ppl who work for you, then you get ur money back and buy fancy things. what a great move.
It sounds like these 1,600 cuts are all related to their divestiture of channels in Chile and Argentina:
https://ir.paramount.com/static-files/53c82d68-0e50-45cf-a8b9-3023c5ce9cc7