July
24
Paramount Vantage Layoffs
As expected, under pressure from Viacom prexy and CEO Philippe Dauman, Paramount execs Brad Grey, Rob Moore and John Lesher have completed their reorganization of Paramount and Paramount Vantage, and will lay off some 60 staffers on Thursday.
Here's the memo that's being sent to their staffers:
TO: Paramount Pictures EmployeesFR: Rob Moore and John Lesher
RE: Announcement
DT: July 24, 2008
As you know, we announced last month that we would be reorganizing the Paramount and Vantage marketing, distribution and physical production departments to maximize efficiencies. As part of that process, we analyzed areas of redundancies and today, we announced we would be eliminating about 60 positions across the company. Many of the changes were a direct result of the consolidation of these departments and some were the result of identifying additional opportunities to streamline the organization. The goal is to be strategic and disciplined about how we manage the business for the long term, and to take into account the dynamic nature of the challenging marketplace.As we have rebuilt and grown the organization, Paramount has consistently looked to evolve in a way that best serves our filmmakers, their creativity and our consumers. We are so grateful for the immense contributions by so many Paramount and Vantage professionals who have been instrumental in our successes so far.
Moving forward, this new structure provides us with a solid foundation as we prepare for our upcoming slate of diverse films, including The Duchess, The Curious Case of Benjamin Button, Revolutionary Road, G.I. Joe, Star Trek and Transformers 2, to name a few.
None of our successes are possible without your continued support and hard work – we really appreciate it.
Best, Rob and John
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Get your reporting right and don't be lazy. There's at least one EVP and SVP who were fired today. do your work.
Posted by: bem | July 24, 2008 at 11:17 PM