CBS Offers Voluntary Buyouts to Veteran Employees

Variety | 2/14/2019 | Elaine Low
Click For Photo:

CBS is making buyout offers to employees, Variety has learned, a process that began last week.

The offers are being made to those whose age and years of experience total 80 or more years, which would translate to senior-level staff, many of whom have been with the company through the Leslie Moonves era.

Buyout - Offers - Divisions - Source - Variety

It is not yet clear how many buyout offers are being made, or which divisions might be most impacted. A source told Variety that the offers are voluntary, and that no employees are being forced to accept. A CBS spokesperson declined to comment.

CBS is the most recent major media company to make such a move. This follows last week’s news that HBO had begun offering...
(Excerpt) Read more at: Variety
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!