{"id":424,"date":"2020-05-28T19:27:00","date_gmt":"2020-05-28T16:27:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/viacomcbs-slashes-cbs-division-with-400-more-layoffs-medianews\/"},"modified":"2020-05-28T19:27:00","modified_gmt":"2020-05-28T16:27:00","slug":"viacomcbs-slashes-cbs-division-with-400-more-layoffs-medianews","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/viacomcbs-slashes-cbs-division-with-400-more-layoffs-medianews\/","title":{"rendered":"#ViacomCBS slashes CBS division with 400 more layoffs #MediaNews"},"content":{"rendered":"

“ViacomCBS slashes CBS division with 400 more layoffs<\/strong>”<\/p>\n

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May 28, 2020 |<\/span> 12:27pm |<\/span> Updated May 28, 2020 | 1:53pm<\/span><\/p>\n

\n Enlarge Image<\/p>\n

\"The<\/img>
\n The new ViacomCBS sign at 1515 Broadway in NYC.<\/span>
\n Christopher Sadowski<\/span><\/p><\/div>\n

\n ViacomCBS is slashing an additional 400 jobs as the broadcasting giant continues to search for cost savings from last year\u2019s merger of CBS and Viacom even as it struggles to shore up losses from the coronavirus pandemic.<\/p>\n

The layoffs, which kicked off this week, primarily took place at CBS\u2019 entertainment, news<\/a>, studio, sports and local news divisions, according to sources.<\/p>\n

A rep from CBS did not comment.<\/p>\n

ViacomCBS has undergone several rounds of layoffs since the merger closed in December. Those cuts primarily hit administrative and back-office divisions in an effort to eliminate duplication. This week\u2019s cuts are the first layoffs on the broadcast side, although a number of executives have departed since the merger.<\/p>\n

Last month, ViacomCBS laid off 100 employees in the\u00a0marketing divisions, as well as at MTV News, Paramount Network, Nickelodeon and \u201cThe Late Show with Stephen Colbert.\u201d<\/p>\n

News of the latest round trickled out late Wednesday, after CBS chief executive officer George Cheeks circulated a memo in which he wrote that \u201cwe are in the process of restructuring various operations, and unfortunately, this means there are layoffs.\u201d<\/p>\n

He noted \u201cthe ongoing and transformative changes happ<\/a>ening in the media<\/a> business, as well as circumstances from the unprecedented pandemic that we continue to navigate.\u201d<\/p>\n

ViacomCBS has targeted $750 million in annualized run rate synergies over the next three years, including $250 million in 2020.<\/p>\n

CBS News staffers were among the casualties, with about 50 cut, according to The Hollywood Reporter, citing anonymous sources.<\/p>\n

CBS News president Susan Zirinsky circulated a memo to staff Wednesday expressing her regrets, as the pandemic has squeezed advertising revenue.<\/p>\n

\u201cThese decisions are particularly painful for our entire organization, which has performed at the highest level during the COVID-19 pandemic, overcoming so many obstacles,\u201d Zirinsky wrote. \u201cBut this restructuring is necessary to ensure CBS News remains strong long into the future.\u201d\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

Source<\/a><\/span><\/p>\n

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“ViacomCBS slashes CBS division with 400 more layoffs” May 28, 2020 | 12:27pm | Updated May 28, 2020 | 1:53pm Enlarge Image The new ViacomCBS sign at 1515 Broadway in NYC. Christopher Sadowski ViacomCBS is slashing an additional 400 jobs as the broadcasting giant continues to search for cost savings from last year\u2019s merger of…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[659],"class_list":["post-424","post","type-post","status-publish","format-standard","hentry","category-social-mediaa","tag-viacomcbs-slashes-cbs-division-with-400-more-layoffs"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=424"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/424\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}