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 ]
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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Macmillan's embargo on new ebooks impacts public libraries, now scrambling to make materials available to patrons. Continue reading at Book Riot
[ Book Riot | 2019-11-01 10:32:08 UTC ]
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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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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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The Summer Scares program, connecting libraries with great horror reads, is back for another spooky season! Continue reading at Book Riot
[ Book Riot | 2019-10-31 14:15:05 UTC ]
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Take a peek at the most popular books in libraries during the third quarter of 2019, courtesy of Panorama Picks. Continue reading at Book Riot
[ Book Riot | 2019-10-30 10:35:21 UTC ]
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You might not have to scramble to find pictures for your next company presentation. Microsoft Word and PowerPoint now have direct access to Adobe Creative Cloud Libraries that store everything from company logos to font styles. In other words, you... Continue reading at Engadget
[ Engadget | 2019-10-28 13:00:00 UTC ]
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A curious account popped up in my Instagram feed this past August that put my ideas about the limits of lending libraries to the test. The account, @tlacuilobiblioteca, which advertises itself as a public lending library, announced a slate of obscure titles in Spanish and English up for grabs in... Continue reading at Literrary Hub
[ Literrary Hub | 2019-10-28 08:47:50 UTC ]
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Two American librarians reflect on their experience working with their colleagues in the United Arab Emirates. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-10-25 04:00:00 UTC ]
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Congress has launched an inquiry into digital markets competitions as the row over e-book lending to libraries in the United States continues. Continue reading at The Bookseller
[ The Bookseller | 2019-10-24 13:43:25 UTC ]
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Libraries are not the kinds of institutions that social scientists, policy makers, and community leaders usually bring up when they discuss social capital and how to build it. Since Tocqueville, most leading thinkers about social and civic life have extolled the value of voluntary associations... Continue reading at Literrary Hub
[ Literrary Hub | 2019-10-24 08:47:39 UTC ]
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Children's novelist Michael Rosen has written an open letter calling for libraries to be made compulsory in schools, backed by ringfenced government money to support libraries and the training of librarians. Continue reading at The Bookseller
[ The Bookseller | 2019-10-22 10:47:59 UTC ]
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Having visited 112 libraries in six different countries and many different settings, one reader has a few observations of note. Continue reading at Book Riot
[ Book Riot | 2019-10-17 10:36:23 UTC ]
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[caption id="attachment_162587" align="alignright" width="150"] Zach Seward[/caption] On Monday, Quartz announced multiple transitions in leadership, including co-founder Zach Seward's promotion from chief product officer and executive editor to CEO. Former co-CEO and publisher Jay Lauf will... Continue reading at Folio Magazine
[ Folio Magazine | 2019-10-10 18:28:48 UTC ]
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Libraries Connected has launched a programme of activities and partnerships as part of the BBC’s The Novels That Shaped Our World festival. Continue reading at The Bookseller
[ The Bookseller | 2019-10-10 15:45:24 UTC ]
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Yesterday, at 12:30am, Gordon Sondland—the US ambassador to the European Union who has emerged as a key character in the ongoing Trump/Ukraine scandal—received a voicemail from an administration official telling him not to appear at a House hearing scheduled for yesterday morning. Sondland duly... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2019-10-09 12:04:38 UTC ]
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Libraries are awesome, don't you agree? Looking up library services, beyond the books, here are seven cool library initiatives I found and love. Continue reading at Book Riot
[ Book Riot | 2019-10-08 10:36:16 UTC ]
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Libraries Week kicks off today with a focus on what the nation’s libraries are doing with digital technology. Continue reading at The Bookseller
[ The Bookseller | 2019-10-06 18:00:32 UTC ]
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Google has long been a philanthropic powerhouse, with STEM education, economic security and inclusion as top priorities. Through its charitable arm, the company also is tackling housing and homelessness, along with criminal justice reform. Next up — libraries. On Thursday, Google.org announced... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2019-10-03 21:51:27 UTC ]
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Book Riot speaks to authors and librarians on the importance of LGBTQ+ books in educational environments such as schools and libraries. Continue reading at Book Riot
[ Book Riot | 2019-09-27 10:35:05 UTC ]
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