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Viacom Implements Layoffs

May 15, 2018  •  Post A Comment

Seeking to cut costs, Viacom confirmed today that it is implementing another round of layoffs. According to The Hollywood Reporter, the latest move cuts about 100 jobs.

The company said in a statement: “As part of our broader transformation efforts, we are continuously taking steps to strengthen and evolve Viacom for the future, including a focus on becoming a more agile and efficient organization.”

The layoffs come “amid a continuing restructuring while Viacom fights an internal battle for control with CBS and Shari Redstone’s National Amusements,” THR notes. The company previously had layoffs in March 2015 and September 2017, the report notes.

“The latest job losses are understood to impact support staff and not touch content creation,” THR reports.

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