Trending

Filed under: News | Other Stuff

 

Paramount Layoff will Hit 110 Workers

Paramount Pictures will lay off 110 employees across 6 departments this year. These Paramount layoffs will affect almost 5% of its total 2200 work force.

Oct 2 2013, 1:15pm CDT | by

1 Updates
Paramount Layoff will Hit 110 Workers
 
 

YouTube Videos Comments

Full Story

Paramount Layoff will Hit 110 Workers

Paramount layoff season come again this year. And the studio is going to lay off almost similar number of employees this year as it did last year. 110 employees out of total 2200 studio workers will be eliminated from their positions. It means the layoff size will be almost 5% of total studio strength. 

These layoffs come as a result of Paramount Pictures film studio acquisition by Viacom Inc. Paramount Pictures Chief Operating Officer Frederick Huntsberry send a layoff announcement memo to studio employees.

Reuters got this memo which states, "As our industry continues to adapt to an increasingly competitive environment, we are always ensuring that Paramount is conducting its business as efficiently and productively as possible. As such we are making important and necessary changes in how we operate across several business functions." 

Paramount layoffs are done primarily in 6 departments of human resources, IT, finance, marketing, international home media distribution and legal. But a Paramount spokeswoman declined to comment on this layoff news.

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest technology trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Customized gold iPhones given away as wedding favors
Customized gold iPhones given away as wedding favors
President of Nigeria had his daughter’s wedding and each guests received a gold iPhone as wedding favor
 
 
Leaked images show off OnePlus One, StyleSwap covers too
Leaked images show off OnePlus One, StyleSwap covers too
The handset has a minimalistic design approach which falls perfectly in sync with the typical Oppo style
 
 
Rufus Cuff seems too big to be a wristwatch wearable
Rufus Cuff seems too big to be a wearable
Once connected, it can be used for mobile data, making calls and sending texts
 
 
Audi&#039;s latest hybrid concept
Audi's latest hybrid concept
The prototype is going to be on display at the Beijing Motor Show
 
 
 

The Hottest Photos of Victoria's Secret Fashion Show 2013