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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#announced back
#raising prices
#corporate executives
#libraries
We’re celebrating our 15th birthday, which makes us about as old as Poe would have been in literary magazine years. In honor of this glorious milestone, we’re throwing a party! Join our esteemed hosts, Emma Copley Eisenberg, Vanessa Chan, Deesha Philyaw, and Clare Sestanovich, as well as EL... Continue reading at Electric Literature
[ Electric Literature | 2024-09-06 11:15:00 UTC ]
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#deesha philyaw
Old-fashioned address books and rolodexes are becoming an increasingly rare sight as the world goes digital. What’s more, digital address books are not something you need to buy separately. If you have an email address with Google (Gmail), Microsoft (Outlook), or Apple (iCloud), for... Continue reading at PC World
[ PC World | 2024-09-05 14:00:00 UTC ]
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One of the most exciting things about using a PC is the abundance of free software that’s available to users — so much so, that it can be hard to find the real gems. In fact, most people stop at the free versions of well-known commercial software, but there is a whole universe of... Continue reading at PC World
[ PC World | 2024-08-27 10:30:00 UTC ]
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It’s almost Labor Day so the sales have started to trickle in. Here’s a cool one. A whole bunch of Lego sets are on sale for 25 percent off from, uh, Barnes & Noble. That may not make sense on paper, but we assure you that these discounts are very real. It’s tough to pick the “best”... Continue reading at Engadget
[ Engadget | 2024-08-26 15:23:20 UTC ]
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I’m an avid reader and one of my favorite recent finds was a handy Kindle Paperwhite case that doesn’t just feature the usual magnetic closure but also a hand strap on the inside of the cover. Right now, this similar Kindle Paperwhite case is on sale for just $15 on Amazon, down from... Continue reading at PC World
[ PC World | 2024-08-23 15:09:43 UTC ]
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August is about celebrating women in translation. Check out these YA books in translation by women around the world. Continue reading at Book Riot
[ Book Riot | 2024-08-15 15:00:00 UTC ]
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There’s really no better way to read on vacation (or any other time, for that matter) than with a Kindle Paperwhite. This device offers a near-identical reading experience to paper books, except you don’t have to lug around your massive TBR stack anymore. If you don’t have an e-reader... Continue reading at PC World
[ PC World | 2024-07-29 14:39:59 UTC ]
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Humble Games has reportedly laid off all 36 of its staff. Former employees posted about the layoffs on social media. Humble Games is owned by media conglomerate Ziff Davis, which counts IGN, Eurogamer and GamesIndustry.biz among its gaming portfolio. Humble Games confirmed in a LinkedIn post... Continue reading at Engadget
[ Engadget | 2024-07-23 21:43:10 UTC ]
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Increases in adult nonfiction and children's fiction sales contributed to strong numbers in May's StatShot report on the US book market. The post AAP StatShot: US Trade Publishing Up 16.5 Percent in May appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-07-18 19:44:56 UTC ]
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Amazon Prime Day 2024 has brought a bunch of solid tech deals on some of our favorite gadgets. The annual shopping event is a great time for Prime members to put that subscription to work and actually get some good deals on gadgets including tablets, earbuds, robot vacuum cleaners and more. This... Continue reading at Engadget
[ Engadget | 2024-07-17 00:20:35 UTC ]
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Streaming has hit a new high on the American viewing charts. According to the latest Nielsen data, streaming services were responsible for 40.3 percent of daily TV viewing in June 2024. It's a banner result for streaming video, which first overtook cable in Nielsen ratings back in 2022. The June... Continue reading at Engadget
[ Engadget | 2024-07-16 20:32:06 UTC ]
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Scary short stories, grief and the afterlife, and more of this week's new YA releases in hardcover and in paperback. Continue reading at Book Riot
[ Book Riot | 2024-07-15 15:15:00 UTC ]
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Mr. Diller, a digital media pioneer, lost a bidding war for Paramount Pictures decades ago. Now, he’s making a run at its parent company. Continue reading at The New York Times
[ The New York Times | 2024-07-01 22:31:42 UTC ]
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Anyone who’s an avid Kindle reader is gonna want this tiny page turner for Kindle devices—and right now you can get it for just $15 if you’re an Amazon Prime member (or $18 if you aren’t). This nifty gadget is a total game changer if you love reading ebooks but hate having to tap the... Continue reading at PC World
[ PC World | 2024-06-24 16:23:09 UTC ]
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The bestselling books of the week, a look at states that have banned book bans, and more from Book Riot's news coverage. Continue reading at Book Riot
[ Book Riot | 2024-06-15 15:00:00 UTC ]
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A pop punk queer romance, enemy witches, a queer paranormal read with Scooby-Doo vibes, and more of today's best YA book deals. Continue reading at Book Riot
[ Book Riot | 2024-06-15 10:30:00 UTC ]
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The latest versions of annual reports on workforce demographics from Gannett, NPR and The New York Times (as well as Condé Nast, Hearst and Vox) show mixed results in companies’ efforts to diversify their newsrooms. Continue reading at Digiday
[ Digiday | 2024-06-10 04:01:00 UTC ]
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The shake up at the Hachette Book Group imprint comes at a time when publishers are feeling pressured by sluggish print sales and rising supply chain costs. Continue reading at The New York Times
[ The New York Times | 2024-06-06 01:11:09 UTC ]
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The newly released 2024 APA consumer survey shows a rise in US audiobook revenues, 63 percent saying they use a subscription. The post Audio Publishers Association Survey: 9-Percent Growth appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-06-03 13:01:03 UTC ]
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Beaming Books takes Laura Alary's picture book tale of a Christmas that almost wasn't, Behrman House signs Howard Blas's guidebook for families and clergy planning b'nai mitzvah celebrations for children with disabilities, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-05-15 04:00:00 UTC ]
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