Skip to content, or skip to search.
Skip to content, or skip to search.
Viacom has announced it will lay off 850 workers, or 7 percent of its workforce. CEO Philippe Dauman tries to frame this as a good thing in the press release, which refers to the bloodbath as "restructuring plans designed to better align its organization and overall cost structure with evolving economic conditions." He fails. [MarketWatch]
business, america's sweetheart, sarah palin, barack obama, michael jackson, the greatest depression, aig, albany chaos, oh albany!, alaska, andrew cuomo, ballsy crime, blake lively, connecticut, david paterson, diddy, finance, hank greenberg, hartford, hartford courant, hellivision, ink-stained wretches, international intrigue, joe biden, joetorious
Copyright © 2009, New York Media LLC. All Rights Reserved.
Email
Print
Why Does Ruth Madoff Inspire Such Hate?
Pedro Espada's Constituency of One
NYC Prep Turns New York Into a Joke
Our Annual Guide to Summer in the City
Most Commented
Daily Intel
Last 7 Days
Vulture
Last 7 Days
Grub Street
Last 7 Days
The Cut
Last 7 Days