{"id":2175581,"date":"2024-02-13T19:14:02","date_gmt":"2024-02-14T00:14:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/paramount-global-lays-off-800-employees-despite-record-super-bowl-ratings\/"},"modified":"2024-02-13T19:17:20","modified_gmt":"2024-02-14T00:17:20","slug":"paramount-global-lays-off-800-employees-despite-record-super-bowl-ratings","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/paramount-global-lays-off-800-employees-despite-record-super-bowl-ratings\/","title":{"rendered":"Paramount Global cuts 800 jobs despite record Super Bowl ratings"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fparamount-global-lays-off-800-employees-despite-record-super-bowl-ratings%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2175581&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">The \u2062Paramount Global headquarters is seen in Times Square on August 08, 2023 in New York City.\u200c (Photo by Michael M. Santiago\/Getty \u200cImages)<\/figcaption><\/figure>\n<h2>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/james-meyers\/\">James Meyers<\/a><br \/>4:10 PM\u200c \u2013 \u200cTuesday, February 13, 2024<\/h2>\n<p>Paramount Global, the parent company of<em> \u200c CBS<\/em>, made a shocking move on \u2062Tuesday \u200dby laying off 800 employees, just two days after breaking a <a href=\"https:\/\/www.oann.com\/newsroom\/super-bowl-2024-was-most-streamed-telecast-ever-reaching-123-4-million-viewers\/\" data-type=\"link\" data-id=\"https:\/\/www.oann.com\/newsroom\/super-bowl-2024-was-most-streamed-telecast-ever-reaching-123-4-million-viewers\/\" target=\"_blank\" rel=\"noreferrer noopener\">viewership record <\/a>for the Super \u2063Bowl. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>CEO Bob Bakish announced the layoffs and revealed \u2064the company&#8217;s plan to make further cuts internationally. These cuts will be implemented gradually over \u200ctime. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cUnfortunately, part of streamlining\u2064 costs means\u2063 that today, \u200dwe will begin the difficult process of saying\u200b goodbye to some of our very valued colleagues across \u2062Paramount,\u201d Bakish \u200dwrote in a memo obtained by <em>The\u200d Hollywood Reporter<\/em>. \u201cWe will be notifying \u2062impacted employees who are based in the U.S. by the close of \u200dbusiness today.\u201d<\/p>\n<\/blockquote>\n<p>About 3% of \u200bthe workforce was affected by the recent layoffs, as\u2063 reported by <em>The Guardian<\/em>. The staff received the news on the same day. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cTo\u200c those with whom we are parting ways, we are incredibly grateful for your hard work and \u2062dedication,\u201d \u2063Bob \u2062Bakish, Paramount\u2019s top \u200bexecutive wrote in an internal memo obtained by the outlet. \u201cYour \u2062talents have helped \u200bus advance our mission \u2063of unleashing the power of content around \u200bthe world. We are a better company because\u200c of you.\u201d<\/p>\n<p>\u201cThere will also be impacts\u2064 in some of our offices\u200b based outside the U.S.,\u201d\u200d with staff to be notified \u201cover time,\u201d\u200c the \u2062CEO added.<\/p>\n<\/blockquote>\n<p>The massive layoffs \u200csparked criticism towards Bakish, who received a total compensation\u2064 of $32 \u200dmillion last year\u200d despite the company&#8217;s financial decline. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cEverybody\u2062 in the \u200bnewsroom is \u2063pissed that Bob Bakish is making over $30 million and he\u2019s making\u200b these cuts,\u201d one insider fumed.<\/p>\n<\/blockquote>\n<p>One of\u200d the notable layoffs\u2064 was <em>CBS <\/em>reporter\u200c Catherine\u200d Herridge. Herridge was fired shortly after reporting \u2064on President Biden&#8217;s potential retention\u2063 of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oversight-committee-questioning-bidens-classified-document-timeline-demands-to-see-classified-materials\/\" title=\"Oversight Committee queries Biden's classified document timeline, demands access to classified materials.\">sensitive documents\u200d related<\/a> to\u200d his family&#8217;s foreign \u2062business dealings.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Respected \u2062American journalist Catherine\u2063 Herridge (<a href=\"https:\/\/twitter.com\/CBS_Herridge?ref_src=twsrc%5Etfw\">@CBS_Herridge<\/a>) has \u200bjust been fired by <a href=\"https:\/\/twitter.com\/CBS?ref_src=twsrc%5Etfw\">@CBS<\/a> after\u200b her recent reporting, including this. <a href=\"https:\/\/t.co\/sleNjgmdVu\">https:\/\/t.co\/sleNjgmdVu<\/a><\/p>\n<p>\u2014 Simon Ateba (@simonateba) <a href=\"https:\/\/twitter.com\/simonateba\/status\/1757503842705399815?ref_src=twsrc%5Etfw\">February 13, 2024<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Stay informed! \u2062Receive breaking news blasts directly to your inbox for free. Subscribe \u200dhere. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\t\u200c \t\tShare this \u2064post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Texas authorities provide an update \u2062on the ongoing investigation \u200dinto \u200da shooting at a Houston mega-church. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>President Trump\u00a0maintains a strong\u2064 lead\u2063 ahead of South Carolina&#8217;s Primary. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>President Biden addresses the National \u200cAssociation Of Counties meeting\u200b to highlight his economic policies. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The Pentagon \u200cgives an update on Defense Secretary Lloyd Austin&#8217;s return to \u2064the hospital.\u200b <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Nvidia\u00a0briefly surpasses Amazon.com Inc\u00a0in \u2062market capitalization \u2064on Monday.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Nvidia\u00a0establishes a new\u200c business unit dedicated to\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/farrell-biden-denial-of-rfk-jr-security-shameful-dangerous\/\" title=\"Farrell criticizes Biden's denial of RFK Jr. security as \"shameful, dangerous\">designing custom chips<\/a>\u200d for cloud computing firms and other clients.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Pinterest\u00a0experiences a more \u200bthan 10% drop, indicating \u200dthat\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/facebook-ceo-calls-for-regulations-that-would-stifle-competitors\/\" title=\"Facebook CEO Calls for Regulations That Would Stifle Competitors\">smaller social media platforms<\/a> may be losing the battle for ad dollars against larger players.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Google announces that consumers \u2062can pay for enhanced\u200b reasoning\u200b capabilities as it\u200c competes with Microsoft\u00a0for subscription \u200bdominance.<\/p>\n<\/p><\/div>\n<p> \u2064rnrn  <\/p>\n<h2> \u200b How has \u200bthe recent round of layoffs at Paramount Global \u2062sparked\u2063 a debate about\u2063 corporate priorities and \u200dthe\u200c treatment of employees during financial decline?<\/h2>\n<p><span> <em>The recent layoffs at \u2063Paramount \u2062Global have\u2062 caused \u200cshock and criticism within the industry. The parent company of\u200d CBS made the surprising decision to lay off 800 employees just two days \u200bafter breaking a viewership record for the\u200b Super Bowl. This \u2064move has ignited a debate about\u2064 corporate priorities and \u2063the treatment of employees in the face of\u2062 financial decline.<\/em><\/p>\n<p>CEO Bob Bakish \u200cannounced\u200c the layoffs and revealed the company&#8217;s plan\u200d to make \u2064further cuts \u2064internationally. These cuts will be implemented gradually over time,\u200d signaling a\u2062 potential \u2063shift in the company&#8217;s \u200boperations. However, the announcement has\u2064 raised concerns and criticism from both employees\u200c and industry insiders.<\/p>\n<p>In a memo obtained by The Hollywood\u200b Reporter, Bakish acknowledged the\u200d difficulty\u200b of the situation, \u200bstating, &#8220;Unfortunately, part \u200cof streamlining costs means\u200b that today, we will begin the difficult process of \u200csaying goodbye to some\u2062 of our very valued colleagues across Paramount.&#8221; This statement shows the company&#8217;s awareness of the impact these\u200d layoffs will have on its workforce.<\/p>\n<p>The recent layoffs affected about 3%\u200b of the company&#8217;s workforce, according to The\u2064 Guardian. The affected\u200b employees received the news on the same day, further adding\u200d to the \u200cshock and uncertainty surrounding the situation. Bakish expressed gratitude towards the departing employees in an internal memo, acknowledging their contributions to the \u2062company&#8217;s mission of unleashing the power of content around the world.<\/p>\n<p>However, the\u200c decision to lay\u2062 off employees has sparked criticism towards Bakish. Despite the company&#8217;s financial decline, he received a total \u2063compensation of $32 million \u2063last year. This has led\u200b to \u2064accusations of hypocrisy and a \u200bsense of injustice among the remaining staff.\u200c One insider stated,\u200b &#8220;Everybody in the newsroom\u2064 is pissed that Bob Bakish\u2064 is making over $30 million and he&#8217;s making these cuts.&#8221;<\/p>\n<p>One of the notable layoffs was CBS reporter Catherine Herridge, who was fired shortly after reporting on President Biden&#8217;s potential retention of sensitive documents related to his family&#8217;s foreign business dealings. This particular\u2063 case has raised questions about the\u2064 independence of journalists and \u2063the potential influence of corporate interests on news reporting.<\/p>\n<p>The layoffs at Paramount Global have raised important discussions \u2064about the treatment of employees \u2062during\u2064 times of financial difficulty. It is crucial\u200d for companies to prioritize\u2064 their workforce and\u2062 ensure that employees are treated fairly,\u200d especially when top executives receive significant compensation packages. \u2064The \u200ddecision \u200dto lay off \u2063employees should\u2062 be made with careful consideration of the impact \u200cit\u200d will have on individuals\u2062 and \u200ctheir livelihoods.<\/p>\n<p>As the industry continues to\u200d evolve and face challenges, it is essential for companies \u200cto\u2063 find a\u200b balance\u200d between financial\u200b sustainability and \u200demployee well-being. Paramount \u2062Global&#8217;s recent layoffs serve as a reminder of the complex and sometimes controversial decisions that companies must make \u2063in \u200corder to navigate a rapidly changing landscape. Ultimately, the outcome of these decisions will have\u2063 a lasting impact \u2062on both the \u200ccompany and its employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paramount Global HQ in Times Square, NYC. (Photo: Michael M. Santiago\/Getty Images) CBS parent company, Paramount Global, laid off 800 employees on Tuesday, shortly after achieving a viewership record. OAN&#8217;s James Meyers reported at 4:10 PM on February 13, 2024<\/p>\n","protected":false},"author":1209,"featured_media":2175582,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/02\/GettyImages-1600950922-e1707866773477.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2175581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/02\/GettyImages-1600950922-e1707866773477.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2175581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1209"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2175581"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2175581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2175582"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2175581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2175581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2175581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}