Disney Consumer Products And Interactive Media Unit Sets Minor Job Cuts
Disney’s Consumer Products and Interactive Media group has undergone a minor round of layoffs. The unit posted a decline in revenues and in operating income in the most recent quarter, as a result of lower licensing income and a drop in retail store sales.
It’s unclear how many people lost their jobs, but a source familiar with the division said the number is significantly below the threshold of 50 workers that would require a formal disclosure under federal law.
Sony’s Merged TV Distribution/Home Entertainment Division Hit With Layoffs
EXCLUSIVE: After two rounds of consolidation in the distribution operations of Sony Pictures TV, the merged division is undergoing layoffs. I hear staffers at the combined global networks/worldwide distribution/home entertainment unit were notified today that their positions are being eliminated.
There are no numbers available on the size of the layoffs, though one insider described the situation as a “bloodbath.” I hear there are a number of Sony TV veterans of 20-plus… Read
Global Road Layoffs Begin, 60-Plus Staffers To Be Let Go – Update
UPDATE: Insiders at Global Road said that the actual numbers in that first round of layoffs reached only 45, with another five in the U.K. While there is no severance, insiders said that management bucked the draconian instructions from the lenders that took over the company, and got those laid off two months of COBRA insurance, which at least cushions the devastating blow of losing pay that day. I wonder if the number had to do with the California WARN Act, which… Read
AwesomenessTV Lays Off 50% Of Staff Following Viacom Acquisition – Update
UPDATED to reflect layoff information reported to California’s employment department: Just weeks after touting its acquisition of AwesomenessTV, Viacom began handing out pink slips.
AwesomenessTV said it would fire 98 employees at the teen-focused studio’s Santa Monica offices, or about 50% of its workforce, according to filing made with the California Employment Development Department. The media company said would lay off most of the employees on or shortly after October… Read
Discovery Lays Off Employees At Scripps Networks Offices In Knoxville
Discovery Communications laid off an unspecified number of employees at the Scripps Networks Interactive offices in Knoxville, TN. A company spokesperson confirmed the job cuts, but refused to say how many people would lose their jobs.
AdAge reported in mid-July that Discovery was reorganizing its ad sales team following the merger with Scripps Networks, appointing three sales leads who would oversee sales for groups of channels. That reorganization resulted in more than… Read
Univision Lays Off 6% Of Staff As It Plots New Back-To-Basics Course
Univision is announcing layoffs this morning, the next major step in the Hispanic media giant’s complete makeover. Numbers are not specified in the company-wide memo, but a source close to the company tells Deadline 6% of jobs will be eliminated. Before the reductions, the company had a workforce of about 4,000 people, meaning the ranks of the departed will number about 250.
Vince Sadusky, who succeeded Randy Falco as CEO in June, said in a memo to employees (read it… Read
Tronc’s New York Daily News Editorial Staff Slashed By Half: Sacked Editor Says “Journalism Being Choked Into Extinction”
The New York Daily News, the city’s scrappiest tabloid of the Trump Era, announced a huge round of layoffs today that will eliminate fully half of the Tronc-owned paper’s editorial staff.
Among those handed their walking papers was Editor-in-Chief Jim Rich, who tweeted today, “If you hate democracy and think local governments should operate unchecked and in the dark, then today is a good day for you.” (See it, and other responses, below).
Rich led the… Read
Weinstein Co Lays Off 20+ Staffers Ahead Of Lantern Sale; Finished Films Being Screened For Buyers
More than 20 staffers at The Weinstein Company were laid off Wednesday, the same day a U.S. Bankruptcy judge ruled on a final sale price for Lantern Capital to acquire Harvey Weinstein’s former film and TV company. Those laid off will be paid through Friday.
The layoffs came in the PR, marketing and mainly distribution, representing about a third of the remaining staff. The last of the TV creative execs is among those exiting. All this came after Lantern met with all the… Read
Sony Pictures’ Marketing & Distribution Divisions Hit With Layoffs
Josh Greenstein, president of worldwide marketing and distribution at Sony Pictures Entertainment's Motion Picture Group, has just sent a memo to staffers announcing the company is cutting down on staff in its marketing and distribution departments as part of a reorganization.
In the email, Greenstein said that this move will impact positions in strategy, publicity, media, operations, consumer, and distribution as the company moves forward in “streamlining some of our… Read
A Dozen People Lose Their Jobs In Layoffs At The Sony Crackle Streaming Service
Sony will lay off about a dozen employees at its ad-supported video streaming service, Sony Crackle, the company confirmed.
The video service, which Sony Pictures Entertainment acquired for $65 million in 2006 (back then, it was known as Grouper), has struggled to find a foothold in the digital media marketplace.
The job cuts are part of a restructuring of Sony Crackle’s business that entails merging its digital ad sales and solutions divisions. Among those displacing in… Read
Viacom Lays Off About 100 As Part Of Cost Transformation
Viacom has laid off about 100 employees as the company looks to reduce costs and transform its business operations. The job losses impact those who work in support services like information technology, finance and human resources, but not those directly involved in content creation.
"As part of our broader transformation efforts, we are continuously taking steps to strengthen and evolve Viacom for the future,” a spokesperson told Deadline. “Including a focus on becoming a… Read
Sean Combs’ Revolt Lays Off About A Third Of Its Staff
Sean Combs’ music-oriented Revolt Media laid off about a third of its staff today as it restructures and focuses on producing more lifestyle content. The company, which launched in 2013, said it would lay off about 50 people at its offices in Los Angeles and New York and concentrate production in Southern California.
CEO Roma Khanna, in a memo to staff (read it in full below), said she is repositioning the company to become a leader in hip-hop culture, and realigning its… Read