Paramount laying off another 15 percent of its US workforce

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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State Library Victoria proves libraries aren't just about books: they're about community

In our digital age, libraries are spaces for community and connection. The new State Library Victoria proves libaries have an exciting future. Continue reading at The Conversation

[ The Conversation | 2019-12-08 18:49:50 UTC ]
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How Libraries Are Getting Members To Return: Critical Linking, December 3, 2019

An awesome daily roundup of the most interesting bookish links from around the web! Continue reading at Book Riot

[ Book Riot | 2019-12-03 11:30:46 UTC ]
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AOC Reminds Us Libraries Aren’t “Free Stuff:” Critical Linking, November 29, 2019

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[ Book Riot | 2019-11-29 11:30:56 UTC ]
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Jeremy Corbyn vows to protect libraries from forces of doom.

In a press conference in London earlier today, embattled-but-unbowed leader of the British Labour Party, lifelong democratic socialist, and absolute boy Jeremy Corbyn revealed a dossier proving that the US is demanding that Britain’s National Health Service (a remarkable civic institution born... Continue reading at Literrary Hub

[ Literrary Hub | 2019-11-27 16:43:19 UTC ]
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How the real-time data gold rush creates steep learning curves for developers [Q&A]

By 2025, industry analyst firm IDC predicts that 30 percent of all data will be real-time. The avalanche of streaming data frameworks, libraries and processing engines has created a massive learning curve for developers. We spoke with Craig Blitz, product director of cloud native application... Continue reading at Betanews

[ Betanews | 2019-11-27 10:04:35 UTC ]
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Poem: Self-Portrait of Librarian With T.S. Eliot’s Papers

This poem that sees libraries as evocative troves of imagery: histories, card catalogs, classifications. Continue reading at The New York Times

[ The New York Times | 2019-11-26 10:00:03 UTC ]
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Celebrities Reading: Why Book Lists and Private Libraries Fascinate Us

A reader considers public fascination with iconic and celebrity readers, including attention paid to their personal libraries and book lists. Continue reading at Book Riot

[ Book Riot | 2019-11-25 11:40:14 UTC ]
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7 Ways Libraries Are Combatting the Opioid Crisis

Anti-opioid programming is important for inclusion, awareness, and even life-saving. Here are 7 ways libraries are combatting the opioid crisis. Continue reading at Book Riot

[ Book Riot | 2019-11-15 11:35:59 UTC ]
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Let's Be Thankful for Libraries

This Thanksgiving, let's pledge our support to the libraries and library workers who help sustain our reading culture. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-11-15 05:00:00 UTC ]
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The Economic Case for Supporting Libraries

Libraries do so much for so many, but what about the economic evidence of these benefits? Learn about the return on investment of libraries. Continue reading at Book Riot

[ Book Riot | 2019-11-06 11:39:24 UTC ]
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Ten year library tour for Poet Laureate Simon Armitage

Poet Laureate Simon Armitage will embark on a ten-year tour of libraries across the UK, starting in 2020. Continue reading at The Bookseller

[ The Bookseller | 2019-11-06 08:57:35 UTC ]
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As Boycotts Mount, Macmillan CEO Defends Library E-book Embargo

On Monday, just days after the publisher's controversial embargo on new release e-books in libraries went into effect, Macmillan CEO John Sargent met with a group of state librarians, fleshing out his belief that new release e-books in libraries hurt the publisher's revenues. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-11-06 05:00:00 UTC ]
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CILIP pushes for library support in election campaign

CILIP, the Chartered Institute of Library and Information Professionals, is leading a campaign calling for politicians to make local libraries a big election issue. Continue reading at The Bookseller

[ The Bookseller | 2019-11-05 17:51:40 UTC ]
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Florida men deny smalltown library access to the New York Times online, citing “fake news.”

The bullpen of the 1993 San Diego Padres Citrus County Commission (pictured above) has denied funding to county libraries for digital subscriptions to the New York Times. Led by left-handed middle-reliever area man Scott Carnahan, the commission (comprised of Scott, Jeff, Ron, Jimmie, and Brian)... Continue reading at Literrary Hub

[ Literrary Hub | 2019-11-05 16:08:55 UTC ]
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59 Quotes about Libraries and Librarians

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[ Book Riot | 2019-11-04 11:35:52 UTC ]
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Great School Libraries: A UK Campaign Promoting An Essential Service

Get involved in the Great School Libraries campaign to promote an essential service in UK schools. Continue reading at Book Riot

[ Book Riot | 2019-11-01 10:34:56 UTC ]
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Want To Borrow A Library Ebook? Why It Might Become More Challenging (& How Libraries Are Fighting Back)

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[ Book Riot | 2019-11-01 10:32:08 UTC ]
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The Week in Libraries: November 1, 2019

Among the week's headlines: Macmillan CEO John Sargent writes to librarians; more libraries announce boycotts of Macmillan e-books as the publisher's embargo begins; and why being a whistleblower doesn't pay. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-11-01 04:00:00 UTC ]
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US libraries boycott Macmillan over e-book policy change

A group of US libraries plan to boycott Macmillan over its controversial new e-book lending policy, suspending purchases of digital copies from the publisher. Continue reading at The Bookseller

[ The Bookseller | 2019-11-01 03:15:48 UTC ]
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