ViacomCBS Lays Off Staff Across the Board as Part of Merger

ViacomCBS Lays Off Staff Across the Board as Part of Merger
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CEO Bob Bakish sent a letter to staff on Wednesday reassuring them, “we are focused on making their transitions easier at this time”

ViacomCBS CEO Bob Bakish sent an email to staff on Wednesday after the company laid off people across the organization. The cuts total at least 100 employees, including top execs such as Smithsonian Network President Tom Hayden and Comedy Central head of content and creative enterprises Sarah Babineau.

The newly merged company is still in the midst of cutting costs and streamlining its business following the tie-up between Viacom and CBS. It’s unclear, however, how precisely many people were let go. In late February, ViacomCBS announced plans with New York state to lay off 117 East Coast staffers across 11 divisions.

ViacomCBS did not comment beyond Bakish’s memo to staff.

“Even before the coronavirus pandemic, we were already in a period of significant change to integrate our newly combined company – work that is helping us weather this crisis, creatively adapt and strengthen the resiliency of our business,” Bakish wrote. “It’s critical that we continue these efforts to integrate and evolve ViacomCBS to remain competitive now and for the future.  This means continuing to integrate and streamline our operations, manage our costs as diligently as we can, and follow through on our committed post-merger synergy targets.

“Some of us are saying goodbye to incredible team members and friends – people who have made lasting contributions to the success of our company and have enriched our culture,” Bakish continued. “I want to assure you that we are focused on making their transitions easier at this time, while supporting the needs of all our employees and their families.”

Staffers at ViacomCBS owned outlets MTV News and LogoTV on Wednesday tweeted about being laid off, including LogoTV editorial director Matthew Breen.

Source: The Wrap

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