Paramount Global Laying Off 800 Employees as CEO Bakish Cites Need to Cut Costs
variety.com
Paramount Global, amid a swirl of M&A discussions, is laying off about 800 employees worldwide as it looks to trim costs.

Paramount Global Laying Off 800 Employees as CEO Bakish Cites Need to Trim Costs::Paramount Global, amid a swirl of M&A discussions, is laying off about 800 employees worldwide as it looks to trim costs.

    • The Dark Lord ☑️@lemmy.caEnglish
      7·
      9 months ago

      Costs almost always means peoples’ jobs. Stockholders are almost always rich. So the title is really “Takes away peoples’ livelihoods to make rich people more money.”

      But if we just cut taxes for the rich, they’ll create more jobs. It’ll trickle down eventually, right? Right?

      Workers are also the ones creating value for the company. This is like cutting off your leg so you can say you lost weight.

      • n3m37h@lemmy.worldEnglish
        2·
        9 months ago

        This is like cutting off your leg so you can say you lost weight.

        Don’t forget it saves you 50% time of putting your pants on in the morning! - Some CEO probably

  • Sanctus@lemmy.worldEnglish
    12·
    9 months ago

    It should be illegal to fire workers to trim costs when your packages make you a multimillionaire.

  • BigMacHole@lemm.eeEnglish
    31·
    9 months ago

    It’s a good thing we haven’t Raised Wages or Taxed the Rich! Otherwise they might Lay People Off!