ViacomCBS is going through its second round of layoffs since the CBS-Viacom merger in December 2019.Deadline reported that the latest wave of layoffs were centered on Pop TV and noted that an estimated 100 employees were expected to receive pink slips by the end of March.IndieWire has reached out to ViacomCBS for comment.“Schitt’s Creek,” Pop’s flagship series, will air its series finale on April 7.
Pop is reviving Netflix’s “One Day at a Time” for a fourth season that will premiere on March 24.
CBS took full ownership of the cable channel in March 2019 for an undisclosed sum.Layoffs were always expected to result from the Vcbs-Viacom merger.
The combined entity was anticipating $500 million in “cost savings,” — which often means layoffs — as far back as August 2019.
ViacomCBS CEO Bob Bakish told investors that the company would seek to increase cost savings to $750 million during the its Feb.
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