Showtime Networks recently has extended voluntary buyout offers to a some employees, I have learned. I hear the buyouts affect a dozen people or less, all within operational areas of the company, with no one in programming, marketing and other creative departments impacted. All of the staffers are at a VP level or lower. It’s unclear how many of them would take the offer.
“As part of ongoing reviews of company operations, we are realigning some resources to better position Showtime for its future as both a premium cable network and an over-the-top subscription service,” a spokesperson for the network said in a statement to Deadline.
Showtime has been evolving its distribution model, launching a standalone over-the-top service in summer 2015, as all premium cable networks have embraced subscription video on demand to better compete with streaming services like Netflix.