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Ceo Bob Bakish

All articles tagged with #ceo bob bakish

business1 year ago

"Paramount Global CEO Initiates 800-Employee Layoffs to Streamline Costs"

Paramount Global is laying off about 800 employees, approximately 3% of its workforce, as part of cost-cutting measures. CEO Bob Bakish announced the layoffs in a memo, expressing confidence in the decision and emphasizing the company's recent successes. The move comes amid ongoing M&A discussions and financial challenges, with the company reporting a 3% rise in revenue in the third quarter of 2023 but a decline in its linear TV division.

via Variety|
#business#ceo-bob-bakish#cost-cutting
business2 years ago

"Paramount CEO Urges Cost Management Amid Layoffs and Acquisition Speculation"

Paramount Global CEO Bob Bakish emphasized earnings growth as the key priority for 2024 and outlined three strategies to achieve it, including focusing on streaming profitability, maximizing impactful content, and leveraging the collective power of the company. He urged staff to prioritize managing costs and execution amid deal chatter, while acknowledging industry challenges such as a soft ad market and the evolving streaming business landscape.

via Hollywood Reporter|
#business#ceo-bob-bakish#earnings-growth
business2 years ago

"Paramount CEO Bob Bakish Announces Global Layoffs Amid Takeover Speculation"

Paramount Global CEO Bob Bakish announced that the company will undergo layoffs as it aims to become more cost-efficient amidst challenges in the entertainment industry. The company is focusing on driving earnings growth and managing costs, with a priority on its most successful franchises and properties. Talks of a potential takeover by David Ellison and National Amusements have added to the speculation surrounding the company, but Bakish emphasized the importance of concentrating on what they can control and executing their strategic priorities for the year.

via New York Post |
#business#ceo-bob-bakish#entertainment-industry