![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
Will U.S. cable TV still exist?
Nov. 6th, 2025 03:39 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
yourlibrarianParamount has just cut 1000 jobs and 1000 more job cuts are expected. They want to reach "$2 billion in expense cuts across the company." That's more than most companies and some countries are worth.
Job cuts after an acquisition aren't surprising. It usually happens in a frenzy, and some positions come back once the losses start leading to problems. But a line in this news story, as well as another article coming out the same day, made me start thinking about where big cuts are likely to come from.
"More than 800 people — or about 3.5% of the company’s workforce — were laid off in June, prior to the Ellison family takeover. At the time, Paramount’s management attributed the cuts to the decline of cable television subscriptions and an increased emphasis on bulking up its streaming TV business. In 2024, the company eliminated 2,000 positions, or 15% of its staff." (emphasis mine) ( Read more... )
Job cuts after an acquisition aren't surprising. It usually happens in a frenzy, and some positions come back once the losses start leading to problems. But a line in this news story, as well as another article coming out the same day, made me start thinking about where big cuts are likely to come from.
"More than 800 people — or about 3.5% of the company’s workforce — were laid off in June, prior to the Ellison family takeover. At the time, Paramount’s management attributed the cuts to the decline of cable television subscriptions and an increased emphasis on bulking up its streaming TV business. In 2024, the company eliminated 2,000 positions, or 15% of its staff." (emphasis mine) ( Read more... )