It will be a Thanksgiving day turkey for thousands of Paramount employees.
The media giant directs what one publicly unlocked in early November called the epic Bloodbath, a huge round of forgiveness after a merger with Hollywood Studio Skydonce Media, and found out the record.
Jeff Shell, a former Nbcuniversal boss, which Skymance used the new Paramount president – told Paramount Pictures, CBS, CBS, MTV and Showtime executives to start killing lists, the source said.
These lists of employees who will be laid off will be submitted in October. Company Overlords and dismissal, which will increase the media giant over $ 2 billion -, according to sources, will be spent in early November.
“It will be a blood tube,” the source said. “It will be ugly.”
Reduces will coincide with the Paramount Skydance third quarter income, as well as the presentation of investors submitted by the new management for its plans to the company, the person added.
The Skydance spokesman refused to comment.
Last week, Shell told reporters at a press conference in Los Angeles that the incisions would be “painful” and would occur in one fall, but did not go into time.
“We do not want to be a company that dismisses forgiveness every quarter,” said Shell, quoting permanent incision waves according to the previous paramount management.
Former Nbcuniversal Executive Director David Ellison has taken advantage of his best lieutenant after Paramount has long stiffening the $ 8.4 billion merger with Skydance, finally finally finished in early August, added::
“So, it will be painful. It’s always difficult, but we don’t want to be a company that every quarter forgives people. It is important for us to do what we do in one big thing and then deal with it.”
Elison, Director General of Paramount Skydance, Shell and other brasss, was characterized by his vision to revive the flag company at a press conference in the previous week in New York, without giving much specificity.
The son of Larry Ellison, the founder of Oracle, said the restructuring could “exceed” the $ 2 billion dollars, but also refused to provide a time zone when the ax falls.
Elison also stated that the new Paramount executive team does not buy the idea that the company could be cut into growth – a statement repeated at the LA press conference attended by Ellison, Shell, Paramount+leader Cindy Holland, TV media boss George Cheeks Operative Officer Andy Gordon.
But the changes are already happening in the giant. As previously reported by a last week’s post, CBS Event News executive producer Guy Campanile returns to “60 minutes”. The message was published earlier this week, the message found out.