sgtshootsalot t1_j0bnefa wrote on December 15, 2022 at 2:02 PM

Reply to comment by ObtuseStone in Inside Warner Bros. Discovery’s Latest Cost-Cutting Spree at HBO Max by johnppd

I had assumed with the massive demand in the market, most of these jobs would be same, just going through a transition.

how is the industry looking from the inside?

mikepm07 t1_j0br6fu wrote on December 15, 2022 at 2:30 PM

Broadly speaking it seems most media companies are cutting back in q4 2022 and preparing for a bad 2023

ObtuseStone t1_j0doxg5 wrote on December 15, 2022 at 10:03 PM

The industry is looking to go into a recession if I'm honest. It isn't looking good for any VFX companies right now. Between outsourcing to India and projects getting either cut or pushed, it is not looking good. They just cut over half my company yesterday. My last day of work is December 30th. The studio is closed Dec 26th-30th. So I essentially get a paycheck for this week and next week and then have to try and survive on unemployment until I can find something else. Unemployment is a joke where I will be getting maybe $300 a week, which is less than half what I was making a week. People are getting fucked by this in so many ways.

velsor t1_j0dp45l wrote on December 15, 2022 at 10:04 PM

Despite what this sub thinks, it's not as simple as Zaslov = evil. Media companies are cutting back across the board because they've been overspending for years to speed-run a back catalogue, but now interest rates are rising and the expected streaming profits never materialised, so cutting back is the only viable option.