facebook
twitter
rss
account
search
search
 

Viacom, NBCU announce layoffs

Dec. 5, 2008 at 4:54 PM   |   Comments

| License Photo
LOS ANGELES, Dec. 5 (UPI) -- Viacom is laying off 850 staff members, including about 500 MTV Networks employees, the U.S. entertainment industry trade newspaper Variety said.

Sources said the layoffs will mainly hit those in the Music/Logo/Films Group run by Van Toffler. However, some Paramount Pictures employees are also expected to be laid off, while Paramount Vantage, the studio's arthouse film division that has produced acclaimed works such as "Babel," "No Country for Old Men" and "There Will Be Blood," is being almost entirely shuttered.

"Like all other divisions of the company, Paramount too is adapting to the changing conditions and, as a result, we will reduce our global workforce," Paramount Chairman and Chief Executive Officer Brad Grey said in a memo circulated to staff. "These reductions are across the studio: accounting, business/legal affairs, corporate and government affairs, home entertainment, human resources, information technology, production, studio lot operations and (Paramount) Vantage."

NBC Universal is also laying off about 500 people worldwide, with every division -- including broadcast, cable, syndication, features and parks -- impacted, Variety said.

Topics: Van Toffler
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Kaley Cuoco on celebrity nude photo leak: 'You've gotta make fun of yourself' Kaley Cuoco on celebrity nude photo leak: 'You've gotta make fun of yourself'
2
Big Bang Theory star Mayim Bialik not a fan of 'Frozen' Big Bang Theory star Mayim Bialik not a fan of 'Frozen'
3
Kendra Wilkinson confronts Hank Baskett about cheating scandal Kendra Wilkinson confronts Hank Baskett about cheating scandal
4
Amy Adams stars in Tim Burton's 'Big Eyes' trailer Amy Adams stars in Tim Burton's 'Big Eyes' trailer
5
Natalie Dormer reveals her travel essentials Natalie Dormer reveals her travel essentials
Trending News
Video
x
Feedback