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 ]
Ten libraries could be closed across Hampshire with others having their opening hours reduced after the local authority announced plans to slash £1.76m from the service’s budget. Continue reading at The Bookseller
[ The Bookseller | 2020-01-10 01:00:51 UTC ]
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Audience Network, which has been on shaky ground since parent company AT&T bought Time Warner (now called WarnerMedia) in 2018, will soon be no more. AT&T said on Wednesday that it is pulling the plug on Audience Network, and will "transition" it this spring to a preview channel for HBO... Continue reading at AdWeek
[ AdWeek | 2020-01-09 00:45:55 UTC ]
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Rakuten OverDrive, a platform for digital books (used by more than 43,000 libraries and schools worldwide), has released a list of its most-borrowed ebooks and audiobooks in 2019. There are no real surprises on the list, besides maybe the fact that so many people want to listen to a woman tell... Continue reading at Literrary Hub
[ Literrary Hub | 2020-01-08 19:19:19 UTC ]
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When libraries help people in cold weather, they become a critical service for teens, the elderly, and unsheltered people. Continue reading at Book Riot
[ Book Riot | 2020-01-07 11:35:59 UTC ]
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In a year end letter to Hachette Book Group staff, HBG CEO Michael Pietsch looked back on a year of growth. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-01-06 05:00:00 UTC ]
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Darlington Borough Council will pay £2.9m to keep one of its libraries open after abandoning plans to close it. Continue reading at The Bookseller
[ The Bookseller | 2020-01-05 21:59:32 UTC ]
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Some Linux gamers who are using Wine to play Battlefield V are finding themselves permanently banned from the game. Player using the DXVK package are falling foul of Electronic Arts' anti-cheat system, seemingly because the DXVK Direct3D DLLs -- used to render 3D scenes in Wine -- are detected,... Continue reading at Betanews
[ Betanews | 2020-01-04 10:03:20 UTC ]
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Plans for Essex libraries by the county council have sent “alarm bells ringing” about increased commercialisation of the service, a campaign group has said. Continue reading at The Bookseller
[ The Bookseller | 2019-12-24 02:02:07 UTC ]
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The head of Essex's libraries has branded the county's current library IT system "clunky and out of date", as she hails the opportunity to invest in the service. Continue reading at The Bookseller
[ The Bookseller | 2019-12-23 00:45:10 UTC ]
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The best way to end the e-book standoff between publishers and libraries is to use data. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-20 05:00:00 UTC ]
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A daily roundup of the most interesting and awesome bookish links from around the web! Continue reading at Book Riot
[ Book Riot | 2019-12-18 11:30:11 UTC ]
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Library association CILIP says the library service needs up to £250m investment and has called for action from Boris Johnson’s government to secure its own future. Continue reading at The Bookseller
[ The Bookseller | 2019-12-18 08:39:06 UTC ]
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Bedbugs in public libraries are becoming routine. Luckily, there are a few things that librarians can do to stop them...starting with preparation. Continue reading at Book Riot
[ Book Riot | 2019-12-17 11:32:47 UTC ]
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Libraries Connected is using a £150,000 Arts Council England grant for a training and mentoring programme helping services develop funding strategies. Continue reading at The Bookseller
[ The Bookseller | 2019-12-17 04:51:52 UTC ]
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One reader takes a trip through their neighborhood of East Rogers Park in Chicago and explores the Little Free Libraries. Continue reading at Book Riot
[ Book Riot | 2019-12-14 11:33:25 UTC ]
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L.A. city officials cancel library fines, which some believe discourage working families from taking advantage of books and other library offerings. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-12-13 18:32:41 UTC ]
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If the recent Chrome Dev Summit was evidence of what Google thinks is hot in web development, then frameworks were one of the clear winners. More specifically, client-side frameworks and libraries like Angular, Vue and React, and larger web frameworks like Next.js. We spoke to Tim Neutkens, lead... Continue reading at Betanews
[ Betanews | 2019-12-13 14:35:38 UTC ]
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Guy LeCharles Gonzalez argues that everyone would benefit from a collaborative, good-faith, and transparent effort to effectively measure the impact of libraries on book discovery, author brand development, and consumer sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-13 05:00:00 UTC ]
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As librarians gather in Philadelphia for the 2020 ALA Midwinter Meeting, the future of digital content in libraries remains uncertain. Librarians must stay engaged. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-13 05:00:00 UTC ]
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Martin Scorsese’s mob movie was streamed by more than 26m accounts worldwide, securing 13.2m views in its first five days in the US aloneNetflix has announced that Martin Scorsese’s new mob movie The Irishman has been watched by over 26m accounts in its first seven days on the streaming... Continue reading at The Guardian
[ The Guardian | 2019-12-11 11:39:42 UTC ]
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