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ViacomCBS CEO Rallies Troops As Layoffs Continue

ViacomCBS CEO Bob Bakish acknowledged current challenges and sought to reinforce the importance of the company’s post-merger consolidation in a memo to staff yesterday, as layoffs continued. “I know these past weeks have been challenging, and have forced us to deal with major disruptions in our personal and professional lives,” Bakish wrote. “And I know that even before the coronavirus pandemic, we were already in a period of significant change to integrate our newly combined company — work that is helping us weather this crisis, creatively adapt and strengthen the resiliency of our business… it’s critical that we continue these efforts to integrate and evolve ViacomCBS to remain competitive now and for the future.  This means 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. ”advertisementadvertisementWhile no specific mentions of layoffs were made, Bakish acknowledged that they are ongoing, noting: “Some of us are saying goodbye to incredible team members and friends. ” He added that the company is “focused on making their transitions easier at this time, while supporting the needs of all our employees and their families.

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