Paramount is laying off 15 percent of its US workforce, according to reporting by Deadline. This follows a lean second quarter earnings report in which total revenue fell short from an expected $7.21 billion to $6.81 billion. The layoffs will impact around 3,000 people. “The industry continues to evolve, and Paramount is at an inflection point where changes must be made to strengthen our business,” company CEOs wrote in a staff memo. Paramount representatives say these cuts will happen in three stages, with layoffs beginning today and 90 percent of all cuts being completed by the end of September. The layoffs will primarily impact employees involved in marketing and communications, though the company’s legal and finance arms will also face cuts. Paramount already laid off three percent of its workforce back in February, and this was after a three percent increase in revenue growth that was largely credited to its streaming and film businesses. So, a three percent increase of revenue translated to a three percent reduction of Paramount’s workforce and missing revenue expectations by around four percent is leading to layoffs accounting for 15 percent of company employees. Workers can’t catch a break. All of these layoffs are likely being used to clear the runway, so to speak, for the forthcoming merger with Skydance. The merger was announced back in June and will soon head to the regulatory review process. Paramount has also been raising prices for its streaming service... Continue reading at 'Engadget'
[ Engadget | 2024-08-13 15:31:20 UTC ]
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"I have spent decades working with people who have caused horror and grief to others. I will tell horror stories in this book but I will also tell stories of change and recovery. It may surprise the reader that this is possible.” So writes forensic psychiatrist and psychotherapist Dr Gwen... Continue reading at The Bookseller
[ The Bookseller | 2021-03-19 19:46:17 UTC ]
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Are you in the market for some mystery book club suggestions? We've got 15 thriller and mystery book club recommendations for you! Continue reading at Book Riot
[ Book Riot | 2021-03-18 10:34:00 UTC ]
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The books we love coming out this week include new titles from Gianrico Carofiglio, Sarah Ruden, and Kim Addonizio. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-12 05:00:00 UTC ]
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Disney-Hyperion buys the first two titles in a planned middle grade series by Leah Johnson, Flatiron goes big on a speculative fiction trilogy, Ace takes four from Kim Harrison, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-12 05:00:00 UTC ]
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Sister Souljah has the #4 book in the country with ‘Life after Death,’ sequel to 1999’s ‘The Coldest Winter Ever.” Plus a trio of new books speak to lockdown pastimes, and the March book club picks hit our lists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-12 05:00:00 UTC ]
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Short, fun erotic short stories that will leave you wanting more! Check out the best erotic short stories that you need to pick ASAP. Continue reading at Book Riot
[ Book Riot | 2021-03-05 11:35:00 UTC ]
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All the books, all the conversation, and no deciding which literary-themed mask to wear. These are the best online book clubs to check out. Continue reading at Book Riot
[ Book Riot | 2021-03-04 11:33:00 UTC ]
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Former Orion creative director Lucie Stericker, the designer of the Queenie cover, has launched her own creative agency Studio 7:15 after leaving the publisher after 23 years. Continue reading at The Bookseller
[ The Bookseller | 2021-03-01 22:47:52 UTC ]
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US books sales in 2020 were mixed, with AAP reporting trade book revenues up but declines in K-12 and higher education materials. The post AAP StatShot: US Trade Book Sales Up 9.7 Percent for 2020 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-02-25 16:02:04 UTC ]
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If you’re looking to pick up a romance novel, here are fifteen of the best romance book club recommendations of the year for your next meeting, including Pride, Prejudice, and Other Flavors by Sonali Dev! Continue reading at Book Riot
[ Book Riot | 2021-02-24 11:34:00 UTC ]
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Kristin Hannah has the #1 book in the country with ‘The Four Winds.’ Plus February book club picks include a pair of bestsellers, and manga makes its presence known on our lists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-12 05:00:00 UTC ]
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The books we love coming out this week include new titles from Gayle Tzemach Lemmon, Kristy Cambron, and Betina González. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-12 05:00:00 UTC ]
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Ken Follett sells a contemporary thriller to Viking, Knopf buys a meditation on grief by Chimamanda Ngozi Adichie, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-12 05:00:00 UTC ]
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A list of nonfiction Black history books you can read this month to learn more about the history of racism and being Black in the U.S., including Men We Reaped: A Memoir by Jesmyn Ward. Continue reading at Book Riot
[ Book Riot | 2021-02-09 11:31:00 UTC ]
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Interviews with mainline Christian, Catholic, and spirituality publishers found efforts to build a more inclusive staff bump into tight budgets, small staffs, lack of attrition, and high competition for talent. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-09 05:00:00 UTC ]
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The digital distributor reports a rise in audiobook titles of 123 percent in 2020 over the previous year. Print-on-demand advanced 18 percent. The post Germany-Based Bookwire in 2020: Titles Up 11 Percent Over 2019 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-02-08 05:46:46 UTC ]
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Bernard Cornwell is bringing back his famous Richard Sharpe character after 15 years' absence, for a new adventure with HarperCollins this autumn. Continue reading at The Bookseller
[ The Bookseller | 2021-02-03 20:30:31 UTC ]
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Overall in 2020, the AIE and ALI with Nielsen have reported, Italians purchased 104.5 million book in 2020. The post AIE: Italy’s Trade Book Publishing Sales Grow 2.4 Percent in 2020 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-01-29 21:50:15 UTC ]
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An unusual dip for downloaded audiobooks plays into the November 2020 StatShot book sales figures from the Association of American Publishers. The post AAP StatShot: US Adult Book Sales Up 35.4 Percent in November appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-01-25 19:02:26 UTC ]
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