At Paramount—as moguls, executives, and 3 CEOs struggled for control—some employees describe a brutal year [Yahoo! Finance]
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Source: Yahoo! Finance
They got their answer on Sept. 24, when hundreds of workers in New York and California were notified on a Zoom call that they would receive an email if they were among the unlucky staffers who would be losing their jobs—and that the message would arrive in an hour. There is no perfect way to conduct layoffs, especially in a hybrid workplace. Still, according to former employees who were impacted by job cuts, and spoke to Fortune anonymously for fear of retribution, this 60-minute waiting game felt exceptionally grim. It seemed in line, however, with the atmosphere at the company over the past several months: full of tension, grief, and uncertainty. Or as one employee put it, “Honestly traumatizing, honestly inhumane.” Paramount Global—home to movie studio Paramount Pictures, CBS, and culture-defining networks like MTV, BET, Comedy Central, and Nickelodeon—is hardly the only legacy entertainment company shedding employees. Several others have been squeezed lately, as disruption ro
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