The latest accident is CBS News COVID-19 epidemic After announcing the job cuts of 755 workers on Wednesday.
CBS News President Susan Zirinsky admits it was a “painful day” in a memo from Page Six.
We’ve been told that the cuts also affected the “60 Minutes” flagship show – and Jirinsky personally phoned many of the victims, time allowed.
He writes: “No one could have foreseen the economic consequences of the epidemic that has already culminated in the ongoing cost-saving initiative from the merger of CBS and Viacom. As a result, we’ve verified our entire business model, our budget, and what we’ve learned at news rallies over the past months. We are not alone; Media companies and businesses across the country are reorganizing and developing new operating models.
“Working with a reduced budget, we had to make some very difficult decisions. I am sorry to learn today that some of our colleagues and good friends will be leaving the company
“These decisions are particularly painful for our entire organization, which has overcome many obstacles and performed at the highest level during the COVID-19 epidemic. However, this restructuring is necessary to ensure that CBS News lasts longer in the future. “
Zirinsky said CBS News executive vice president Kimberly Godwin would attend regular show meetings to answer questions from both staff.
“CBS News is not alone in this process – many similar changes are taking place across the CBS department today, and over the past few months in the Viacom department. We looked at each option and exhausted the other available cost savings before taking this step. There is nothing more frustrating than facing this economic reality and I have tried very hard to minimize the impact on all of you, “Memo continued:” Even though it is a painful day, I know strength and power. Of this organization, and I know we can move forward in a meaningful way. “
As soon as the news came we were told that the top brass on all major networks Salary has been deducted In this time of crisis – however, on-air talent is not believed to have lost their salaries.
CBS declined to comment.