“Viacom has initiated a round of layoffs, part of a cost-cutting move anticipated since late last year,” reports Daniel Holloway in Variety.
The story continues, “It is believed that fewer than 100 employees will be impacted by the layoffs, which will affect multiple divisions of the company. Reductions will be focused on support employees and not those directly involved in content creation.”
The story adds that in a memo to employees on Tuesday, Feb. 6th, Viacom CEO Bob Bakish wrote, in part, “Team,
I know there’s been a lot of news in the past week – over the last year, in fact – about change (or potential change) in this company. I think it’s important to remember that so much of this change, while not always easy, has made us stronger. We’ve brought in new talent, re-energized our brands, rebuilt relationships – both inside these walls and out – and taken many other steps to strengthen and evolve our company for the future.
“And, yes, sometimes change means making tough decisions – like today, where we made some changes across the organization. While these changes didn’t impact a large percentage of our workforce, I know they were difficult nonetheless. We are saying goodbye to some great team members, some of whom have been here for a long time, and have made an important impact on this organization. We’re so grateful for their contributions, and want to assure you we’re taking many steps to make their transitions easier.”
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