A number of Viacom employees have been laid off, with most of the job losses affecting the Viacom-owned Paramount Network, Variety reports. The layoffs are in Viacom’s entertainment group.
“A Viacom spokesperson declined to comment. But a source with knowledge of the situation [said] the number of affected employees was fewer than 20, or less than 2% of the entertainment group’s workforce,” Variety reports.
The report adds: “The layoffs come fewer than three months after Viacom reorganized its entertainment group. Longtime Viacom executive Kevin Kay — who oversaw Paramount Network, TV Land, and CMT — exited the company after two decades in October. The move came as part of a larger restructuring of Viacom’s cable brands under the direction of CEO Bob Bakish.”