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 ]
Canadian librarians push back against a recently published editorial arguing that public libraries are "a net harm" to literature. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-31 04:00:00 UTC ]
More news stories like this
Libraries in Medellín, Colombia, help overcome pandemic-induced isolation with “Love in the Time of Coronavirus,” an anonymous letter-writing program. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-07-30 14:08:32 UTC ]
More news stories like this
Libraries in Medellín, Colombia, help overcome pandemic-induced isolation with “Love in the Time of Coronavirus,” an anonymous letter-writing program. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-07-30 14:08:32 UTC ]
More news stories like this
Libraries in Medellín, Colombia, help overcome pandemic-induced isolation with “Love in the Time of Coronavirus,” an anonymous letter-writing program. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-07-30 14:08:00 UTC ]
More news stories like this
There are 22 libraries in the world with a whopping 15 million items catalogued. Here are ten of the world's biggest - with a few facts and some pictures. Continue reading at Book Riot
[ Book Riot | 2020-07-27 10:30:43 UTC ]
More news stories like this
Hampshire County Council has revealed it intends to close eight of its 48 council-run libraries and reduce the opening hours of those remaining by an average of 20%. Continue reading at The Bookseller
[ The Bookseller | 2020-07-20 14:34:26 UTC ]
More news stories like this
Quaranzines collecting people’s quarantine experiences are growing in popularity, and provide important information, and libraries are noticing. Continue reading at Book Riot
[ Book Riot | 2020-07-20 10:30:51 UTC ]
More news stories like this
The program was first announced in March to encourage digital read-aloud sessions for libraries and schools forced to close by the novel coronavirus outbreak. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-20 04:00:00 UTC ]
More news stories like this
With the August recess looming and a second round of coronavirus relief in the works, $2 billion in funding for libraries hangs in the balance. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-17 04:00:00 UTC ]
More news stories like this
Taking a look at some of the helpers who are turning their Little Free Libraries into Little Free Pantries to help neighbors in need during the pandemic. Continue reading at Book Riot
[ Book Riot | 2020-07-15 10:32:56 UTC ]
More news stories like this
Werner Herzog did it with Grizzly Man, Adam McKay did it with Vice – from archival libraries to old film canisters from charity shops, the past is waiting to be brought to lifeA child sits on a rock ledge buckling his shoe. The camera zooms towards a mysterious dark shape behind him as the boy... Continue reading at The Guardian
[ The Guardian | 2020-07-03 09:00:16 UTC ]
More news stories like this
Buzzy original series may drive attention to streaming services, but the bulk of most major streamers' programming catalogs are their libraries of licensed TV shows. And those licensed titles often account for the highest-quality content available on the service, according to data from streaming... Continue reading at AdWeek
[ AdWeek | 2020-07-02 10:30:51 UTC ]
More news stories like this
Drew and Christopher chat with Hilary Leichter in three different Damn Libraries for another first of its kind digital episode—our first Zoom guest! We discuss Hilary’s novel Temporary which leads to talk about things like gig work, her love of pirates, and how the book started as a short story.... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-26 09:33:39 UTC ]
More news stories like this
OverDrive—the digital learning platform for libraries and schools—has announced it is acquiring RBmedia's library business. Continue reading at The Bookseller
[ The Bookseller | 2020-06-24 09:38:04 UTC ]
More news stories like this
As libraries begin to reopen around the country, patrons are excited to get back to borrowing books—but they’re also still nervous about COVID-19, which is understandable. At least some of them have been “getting creative” in their attempts to protect themselves, prompting at least one public... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-23 18:08:53 UTC ]
More news stories like this
Libraries in England will be able to reopen from 4th July as the country's lockdown measures continue to ease, Boris Johnson has announced. Continue reading at The Bookseller
[ The Bookseller | 2020-06-22 22:02:41 UTC ]
More news stories like this
A reader considers how social media has given libraries a new tool for community engagement, outreach, and promotion. Continue reading at Book Riot
[ Book Riot | 2020-06-22 10:32:03 UTC ]
More news stories like this
With most schools and libraries closed across the country closed, parents are left scrambling in a lot of ways: distance ... Continue reading at Book Riot
[ Book Riot | 2020-06-19 10:39:09 UTC ]
More news stories like this
Schools and libraries have been closed for months, but some kids aren’t going to get away with playing video games all summer. Kelly Passek -- a middle school librarian in Montgomery County, Virginia -- is sending out summer reading via drones. After... Continue reading at Engadget
[ Engadget | 2020-06-12 18:18:26 UTC ]
More news stories like this
Internet Archive’s National Emergency Library initiative, which made more than 1.3 million books available online for free, will end early as publishers sue for copyright infringement. The nonprofit began offering free books during March as the coronavirus pandemic forced Americans to quarantine... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-12 14:06:26 UTC ]
More news stories like this