ViacomCBS is looking ahead to a post-coronavirus world, one in which approximately 70% of its more-than-20,000 employees will work at least partly from home, according to an internal memo from CEO Bob Bakish that Variety has obtained exclusively.
The move toward a hybrid work model allows staffers more flexibility, but it also has financial advantages. Following the merger between Viacom and CBS, the combined company is looking to reach an ultimate goal of $750 million in annualized run-rate synergies over the next three years.
A part-remote work environment will help “to reduce our real estate footprint and keep our costs controlled so we can continue to deliver on our strategic priorities and achieve our business goals,” per the email that went out to staff Thursday. ViacomCBS has been public about its desire to offload certain commercial properties, and is still exploring a sale of its Black Rock building, which serves