![]() ![]() The company is set to report its third-quarter earnings on Thursday. The two companies are considering remerging into one again.Īlso Read: Viacom Says Shell, No to Live-Action 'Ninja Turtles' Show in New Lawsuit ![]() ![]() The publicly traded corporation is also home to movie studio Paramount Pictures. Viacom owns Comedy Central, MTV, the recently rebranded Paramount Network, BET, VH1, Nickelodeon, CMT and other cable channels. We’re so grateful for their contributions, and want to assure you we’re taking many steps to make their transitions easier.” “We are saying goodbye to some great team members, some of whom have been here for a long time, and have made an important impact on this organization. “While these changes didn’t impact a large percentage of our workforce, I know they were difficult nonetheless,” Bakish wrote to staff. The affected staff represents less than 1 percent of the company’s 10,000 employees.ĬEO Bob Bakish addressed the “changes across the organization” in an internal memo obtained by TheWrap Tuesday.Īlso Read: Viacom to Acquire VidCon Convention The job cuts, which are expected to not reach triple digits, will be focused on support employees - so not those directly involved in content creation. Viacom has started another round of staff layoffs as part of its ongoing cost-cutting effort, TheWrap has learned. ![]()
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