From Deadline
BET CEO Scott Mills informed employees Wednesday morning that their ranks are being thinned as part of Paramount Global’s most recent round of layoffs.
While no exact numbers were provided for BET’s cuts, they are part of Paramount’s move to lay off of 3.5% of its domestic workforce earlier this month, an action that affected several hundred positions. At the end of 2024, the company had 18,600 global employees.
In a staff memo obtained by Deadline, Mills wrote that BET “is not immune to the conditions necessitating these actions, so we too must reduce staff within our organization.”
The most recent staff reductions follow a larger downsizing in 2024, which affected 15% of domestic staff. Paramount, like its media peers, is contending with a decline in linear TV viewing and advertising, along with pressure on distribution revenue. Streaming is growing, but has different economics than traditional linear TV.
6 comments:
Nothing on the network to watch and tooo many commercials. Each CEO puts forth the effort to bring quality programming. It's reruns and Tyler Perry. LOLO
they should have just sold it to Tyler Perry for the right price instead of trying to gouge him
The economy is doing so well.[sarcasm]
BET got bigger fish to fry right now
Knew this from how cheap the BET Awards looked this year
But that peeled orange said he was going to create jobs…yet I noticed since he has been in office the unemployment rates are increasing especially amongst black women. I can’t stand him.
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