It doesn't appear as if it will just be the government shutdown taking jobs away. Deadline reported on Oct. 1, 2013, that Paramount cut its staff by 110 people with a memo that was issued out on the grounds. The Paramount layoffs officially happened on Tuesday morning, and all of those that lost their jobs had been informed and was also not surprising.
Paramount, a film studio owned by Viacom Inc., will see the 110 people cut as a five percent loss from the some 2,200 employees at the Los Angeles movie lot and international locations.
According to the memo:
"As our industry continues to adapt to an increasingly competitive environment, we are always ensuring that Paramount is conducting its business as efficiently and productively as possible," the memo said.
"As such we are making important and necessary changes in how we operate across several business functions."
The Paramount layoffs are coming primarily in areas of:
- Human Resources
- Legal and Marketing
- International Home Media Distribution
- Information Technology
"World War Z," one of the year's biggest hits came from Paramount. The Brad Pitt-starring zombie flick grossed $539 million worldwide. Sadly though, Paramount's second-quarter revenues were down 29 percent, year over year.
Around this same time in 2012, Paramount had laid off 120 of its employees. This was not an unexpected move for Paramount to bring about the layoffs, but still one that ended up affecting a lot of people.