Paramount layoff season has come once again to the glamorous world of the silver screen. It seems that Paramount will layoff a similar amount of their workforce as they did last year, according to the Christian Science Monitor on Oct. 2.
Paramount employs 2,200 and just about 5% of those employees will see pink slips. This layoff of 110 people will encompass six departments at the movie studio giant, owned by Viacom Inc.
The layoffs are targeting folks in marketing, human resources, information technology, international home media distribution, legal and finance positions. The layoffs are for the people working at the LA movie lot or in positions in their international locations.
Paramount layoffs are an attempt to conduct business “as efficiently and productively as possible,” stated the memo handed down to employees from the movie giant. Last year’s layoff included 120 people from similar positions.
The 2012 layoffs also occurred in the fall. While removing 110 people from the workforce may seem like a lot of people if you happen to be one of the folks going, it really isn't a major reduction in the workforce for a company that employs over 2,200 people. Even the world of make believe can't escape the hard reality of tough economic times in the nation.