Viacom cuts 850 jobs

Viacom is to cut seven per cent of its workforce as part of a major global restructuring.

850 jobs have gone at the firm, which is the parent company to the likes of MTV Networks, Nickelodeon, Dreamworks Animation and Paramount Pictures.

Its subsidiaries have been enjoying an increasingly close relationship with games, from MTV's ownership of Rock Band developer Harmonix to Nickelodeon and Dreamworks licensing franchises to major games publishers such as THQ and Activision.

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gw4k3695d ago

cutting jobs right now? The question is, who's next?