Dec
04
Viacom to Cut 850 Jobs, Freeze Salaries for 2009
Posted in: UncategorizedNEW YORK (AdAge.com) — Viacom CEO Philippe Dauman announced a restructuring that will see 850 employees eliminated, or about 7% of the company's total work force. The restructuring will include cuts at all divisions of the company, which includes MTV Networks, BET Networks and Paramount Pictures. Viacom is also suspending salary increases for senior staff in 2009, and will write down "certain programming and other assets."
Post a Comment