Paramount Australia hit with redundancies
Paramount Australia has been hit with a number of redundancies, with those impacted to be “notified by close of business today”.
It is unknown which elements of the local business will be impacted, nor the number of redundancies.
Instead of going down the easy solution and making people redundant,
An analysis of why revenue is down would be a better way to improve the business. The amount of repeat advertising that is run on TEN and the secondary channels is disgraceful. How do you expect to attract advertisers when you don’t have an audience?
Lazy and poor programming decisions has contributed the fall in audience numbers and in turn revenue. This is where Paramount should be looking to fix their revenue problems not making people redundant. Mr Bakish fix it.
Paramount’s redundancy message was definitely written by ChatGPT.
Bold strategy.. profits go up when you have to pay less staff
FEWER staff…
Shari Redstone cleaning up shop
Australia does not need 3 FTA networks let alone one that’s been on its knees for 15 years . More redundancies will come as paramount is squeezed by streaming overseas. The woke left position of Ten has shed audience . No sympathy – law of the jungle .
Save $ by axing the Project. Based on ratings since the start of 2023 when the line ups changed for the worse, it regularly sits at a prime time number that is 250k metro 5 city which is hardly sustainable. A good proportion of that number is from Melbourne audience where the show is made.
If it wasn’t produced by Roving Productions reckon it might have gone some time ago. News told differently is a catch cry, that does not deliver on its claim.
Shame Mumbrella,
That you are even publishing in the first paragraph …”with those impacted to be notified by close of business today” is horrible.
Could you not wait until after the fact?