Viacom to Cut 10% of Overall Head Count

by Michela Galante , AdForum

Viacom Inc., the cable TV giant will cut 264 employees in its New York City office, according to a state Department of Labor notice. The corporation is reportedly laying off nearly 10% of its overall head count, about 10,000 employees. The corporate restructuring that began in February has resulted in layoffs in New York and Los Angeles, including some high-profile names. Read more on AdAge.