ViacomCBS, created in December when Viacom and CBS merged, laid off contract workers across a number of its divisions today, a move the company said was due to the COVID-19 pandemic, which has shut down most Hollywood productions. According to sources who spoke anonymously for fear of retribution, ViacomCBS laid off seven members of the NewNowNext and Logo teams, leaving only four people to operate the LGBTQ+ brands editorial, video, social and payroll needs.
Update: On Thursday morning, Adweek was able to confirm additional contract worker layoffs in Viacom Velocity, the companys in-house branded content studio.
A ViacomCBS worker laid off on Wednesday told Adweek that the company had already long employed tricky workarounds to keep costs low, contracting most of its workers through a third-party company called Cast & Crew to limit payroll numbers.
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