ViacomCBS CEO Bob Bakish Says Post-Merger ‘Streamlining’ Continues Amid Rumors Of Impending Layoffs
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deadline.comBy Jill Goldsmith As rumors of impending layoffs continue to swirl around ViacomCBS, CEO Bob Bakish sent a memo to employees saying the company is continuing “to integrate and streamline our operations, manage our costs as diligently as we can, and follow through on our committed post-merger synergy targets.” He didn’t mention new layoffs but acknowledged ones that are ongoing, noting that, “some of us are saying goodbye to incredible team members and friends.” ViacomCBS has targeted $750 million in cost synergies.
Bakish said he’ll update staff after the company reports first quarter earnings next week. MORE READ BAKISH MEMO BELOW: Team, I know these past weeks have been challenging, and have forced us to deal with major disruptions in
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