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’m done with shame,” says Lacy Crawford, the author of the memoir “Notes on a Silencing.” Continue reading at The New York Times
[ The New York Times | 2020-06-27 09:00:22 UTC ]
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Magazine fulfillment services provider Palm Coast Data will lay off up to 150 of its 400 employees, outsource some key operations to competitor CDS Global and leave its Northeast Florida headquarters for a smaller facility in the region by mid-August. The news comes shortly after the conclusion... Continue reading at Folio Magazine
[ Folio Magazine | 2020-06-16 15:17:21 UTC ]
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Brit Bennett lands at #6 in hardcover fiction with ‘The Vanishing Half.’ Plus Megha Majumdar’s debut novel, ‘A Burning,’ Is #18 in hardcover fiction, and 2018’s ‘I’m Still Here’ by Austin Channing Brown is one of two Reese’s Book Club picks. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-12 04:00:00 UTC ]
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This week, we highlight new books from Walter Scott, Paul Preston, and Sarah Stewart Johnson. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-12 04:00:00 UTC ]
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Among the notable books that sold this week are a history of how black labor built America and a nonfiction work on black radical poetics by a National Book Award nominee. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-12 04:00:00 UTC ]
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The Russian market's book publishing sector has been designated by the state as eligible for special financial support during the pandemic. The post Coronavirus Impact in Russia: Publisher Cites Up to 75-Percent Profit Loss appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-06-11 16:37:40 UTC ]
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Writers including Malorie Blackman and Nikesh Shukla have urged writers of colour not to give up and that their stories matter, as the #PublishingPaidMe hashtag took off over the weekend to illustrate the disparity between the advances paid by publishers to non-Black authors versus Black authors. Continue reading at The Bookseller
[ The Bookseller | 2020-06-08 10:07:04 UTC ]
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I'm fairly new to the genre and historical fiction audiobooks have been an excellent way to introduce these stories into my repertoire. Treat your ears. Continue reading at Book Riot
[ Book Riot | 2020-06-03 10:38:40 UTC ]
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News Corp Australia is poised to cut hundreds of jobs as it moves towards digital-only publishing for many of its Continue reading at Editor & Publisher
[ Editor & Publisher | 2020-05-27 14:51:01 UTC ]
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This week, we published a handful of stories about the reopening of Oregon. It's the subject of our print edition cover package this week and reporter Malia Spencer wrote a story about the move-in plans for technology companies. It turns out, some of the region's largest tech employers are... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-05-21 23:18:59 UTC ]
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Hanley Wood, the D.C.-based B2B media company serving the real estate, residential design and construction sectors, laid off several employees last week and implemented salary reductions for others, multiple sources tell Folio:. A Hanley Wood rep declined to provide details, but confirmed the... Continue reading at Folio Magazine
[ Folio Magazine | 2020-05-19 13:43:21 UTC ]
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New research from application security specialist Veracode finds seven in 10 applications have a security flaw in an open source library on initial scan, highlighting how use of open source can introduce flaws, increase risk, and add to security debt. The study analyzed the component open source... Continue reading at Betanews
[ Betanews | 2020-05-19 09:57:36 UTC ]
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Joe Wicks' Wean in 15 (Bluebird) has star-jumped into the UK Official Top 50 number one spot according to Nielsen BookScan. Continue reading at The Bookseller
[ The Bookseller | 2020-05-19 05:58:51 UTC ]
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As folks around the country are becoming more optimistic about returning to “normal,” most recognize we still have a long way to go. Publishers have not been immune to the economic and human impacts of COVID-19, but week after week we continue to spotlight those that are looking forward and... Continue reading at Folio Magazine
[ Folio Magazine | 2020-05-15 16:02:17 UTC ]
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Condé Nast is laying off "just under 100" staffers in the U.S. as part of a larger cost-cutting effort at the company, CEO Roger Lynch said Wednesday morning. In a staff memo obtained by The Daily Beast's Maxwell Tani, Lynch said the cuts are concentrated in "specific areas where we could bring... Continue reading at Folio Magazine
[ Folio Magazine | 2020-05-13 14:49:32 UTC ]
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Looking for your new favorite science fiction podcasts? We've got you covered, from sci-fi podcast dramas to podcasts about science fiction books. Continue reading at Book Riot
[ Book Riot | 2020-05-11 10:39:41 UTC ]
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A rare benefit of COVID-19, the UK's government finally–and suddenly–has wiped out the market's punishing tax on digital publications. The post Coronavirus Update: The UK Scraps Its 20-Percent VAT on Digital Books appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-04-30 16:03:25 UTC ]
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Did you grow up with the Boy Who Lived? You can re-read the series or you can check out these books like Harry Potter for adults. Continue reading at Book Riot
[ Book Riot | 2020-04-29 10:32:45 UTC ]
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“We are so hungry. We dance all day long.” Phyllis Grant on what ballet does to your relationship with food. | Lit Hub Say what you will about capitalism—it really moves a plot along. David Moloney offers a reading list of bad jobs in literature. | Lit Hub ON THE VBC: Michael Arceneaux talks... Continue reading at Literrary Hub
[ Literrary Hub | 2020-04-15 10:30:21 UTC ]
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You may be stuck at home, but you can still expand your your horizons. It's a golden age for small, independent presses working to cultivate great writers and to push our literary boundaries. PW rounds up some of the best new and forthcoming books published by a range of standout small presses. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-10 04:00:00 UTC ]
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