The Dreaded Viacom Layoffs: 850 People

The Dreaded Viacom Layoffs: 850 People: "The long-feared Viacom pre-post holiday layoffs are here, and they're not pretty. We heard earlier that as many as 300 layoffs might be coming at MTV today, but the total, Viacom-wide numbers are even worse: 850 people are being cut, about 7% of the company's global staff. And top management is 'suspending salary increases' next year, if it makes you peons feel any better"