The long-feared Viacom pre-post holiday layoffs are here, and they're not pretty. We heard earlier that as many as 300 layoffs might be coming at MTV today, but the total, Viacom-wide numbers are even worse: 850 people are being cut, about 7% of the company's global staff. And top management is "suspending salary increases" next year, if it makes you peons feel any better. The full internal memo that went out this morning is after the jump; if you know more about the specific breakdown of the layoffs, email us. UPDATES: additional memos from MTV and Paramount added below:” source...
“The long-feared Viacom pre-post holiday layoffs are here, and they're not pretty. We heard earlier that as many as 300 layoffs might be coming at MTV today, but the total, Viacom-wide numbers are even worse: 850 people are being cut, about 7% of the company's global staff. And top management is "suspending salary increases" next year, if it makes you peons feel any better. The full internal memo that went out this morning is after the jump; if you know more about the specific breakdown of the layoffs, email us. UPDATES: additional memos from MTV and Paramount added below:” source...
The long-feared Viacom pre-post holiday layoffs are here, and they're not pretty. We heard earlier that as many as 300 layoffs might be coming at MTV today, but the total, Viacom-wide numbers are even worse: 850 people are being cut, about 7% of the company's global staff. And top management is "suspending salary increases" next year, if it makes you peons feel any better. The full internal memo that went out this morning is after the jump; if you know more about the specific breakdown of the layoffs, email us. UPDATES: additional memos from MTV and Paramount added below:” source...
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