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Six hundred employees just packed up their desks and quit their jobs at Paramount Skydance. The mass exodus happened after the company, formed by Skydance Medias takeover of Paramount Global, told employees that they were instating a five-day back-to-office mandate, set to begin on January 5. The company, led by new CEO David Ellison, let staffers know that if they didn’t plan to come back to the office, they could take a buyout deal starting on September 15. However, the media giant likely didn’t expect to be handing out quite so many severance packages. According to company disclosures filed on Monday, around 600 employees in the Los Angeles and New York offices at the vice-president level and below took the deal, which reportedly cost Paramount Skydance $185 million in “restructuring changes.” While the company may be trimming employees, it doesnt seem to be trimming spending. The company called for incremental programming investments in 2026 in excess of $1.5 billion. Paramount said it had already trimmed about 1,000 employees earlier this year and expects to cut around 1,600 more, as the company moves to divest both Televisión Federal in Argentina and Chilevision in Chile in an attempt to ensure continued focus. The restructuring comes after Ellison took charge of the company post-merger and pressed the importance of in-person work. I believe that in-person collaboration is absolutely vital to building and strengthening our culture and driving the success of our business,” Ellison wrote in a September memo. “Our people are the key to winning, and being together helps us innovate, solve problems, share ideas, create, challenge one another, and build relationships that will make this company great.” Still, an $185 million price tag seems a tad excessive for more collaboration. Either way, Paramount is not the only media giant to enforce a return-to-office mandate.NBCUniversal recently announced workers would have to return to the office at least four days a week, in a similar policy beginning in January. Comcast, the parent company of NBCU, previously did the same. While employees leaving in large numbers due to such mandates seems like a major upheaval, some research says that is the point (at least in part). According to a 2024 Bamboo HR report, back-to-office mandates can help companies avoid layoffs. Per the report, nearly 2 in 5 managers, directors, and executives (37%) say their company enacted layoffs in the last year because fewer employees than they expected quit during their RTO. Likewise, 25% of VP and C-suite executives and nearly 1 in 5 HR pros (18%) say they actually hoped employees would voluntarily leave amid mandates. Either way, back-to-office mandates are fairly unpopular, so the true cost to companies remains to be seen. However, when it comes to media giants, at least, some of the cost will trickle down to the customer. Paramount Skydance is planning to raise Paramount+ subscription prices starting January 15. Both the Essential (ad-supported) plan and Premium (ad-free) plan will go up by $1, to $8.99 and $13.99 per month, respectively. “Our ongoing investments in Paramount+ are enhancing the value we deliver to consumers,” Ellison said. “To support this continued investment, we plan to implement price increases in the U.S. early in the first quarter of 2026.”
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E-Commerce
Just a week after self-described democratic socialist Zohran Mamdani made history as New York City’s first Muslim to be elected mayor, fellow Democrat Jack SchlossbergPresident John F. Kennedy’s (JFK’s) grandsonannounced he is also running for office in New York City, in the Empire States 12th Congressional district. If elected, he would represent New York in the U.S. House of Representatives. Both men are among a wave of young, progressive, charismatic candidates calling for change, amid a backlash to not only Donald Trump’s second-term agenda, but also a historically unpopular Democratic Party that many feel are doing too little, too late. That list of progressives also includes Arizona representative-elect Adelita Grijalva; Robert Peters, who is running in Illinois’ 2nd district; and Graham Platner, a democrat running for senate in Maine in a bid to unseat Republican Senator Susan Collins. But there are a number of parallels between Mamdani and Schlossberg in particular. Both are in their early 30s and grew up attending high school in New York City. They also come from political-minded families with impressive mothers. Mamdani’s mom is Indian-American activist filmmaker Mira Nair, while Schlossberg’s mom, Caroline Kennedy, is a lawyer, former U.S. Ambassador to Australia and Japan, and a civic-minded head of the John F. Kennedy Library Foundation. At 34 years old, Mamdani will be New York City’s youngest mayor since 1892, while Schlossberg, 32, is running to replace retiring longtime Democrat Representative Jerry Nadler (D-N.Y.), who is 78 and has held the seat for over 30 years in the liberal district that includes the Upper West Side, Upper East Side, Midtown, and Chelsea. (That’s also where Schlossberg was born and raised, and currently lives.) Both Mamdani and Schlossberg are also wildly popular on social media, in part for their fresh-faced looks and upbeat, pragmatic-but-populist approach to making the world (or at least New York City) a better place. Old money, fresh face To that end, Schlossberg’s newly minted campaign website, which bears the URL “Jackfornewyork,” introduces the candidate as a “A New Generation for New York” and features pictures of “Jack” (JFK’s nickname, and Schlossberg’s namesake) riding his bike in Manhattan with a backpack, not unlike his famous uncle, to whom he bears an uncanny resemblance. (At 6’2 and with signature Kennedy looks, Schlossberg also has a large female following on social media.) Like Mamdani’s campaign, Schlossberg’s website emphasizes his practical-but-populist approach to leadership. “Jack wants to take his fight to Congress to make sure New Yorkers have a voice that represents their values and amplifies their fight,” it reads. “Hes focused on rooting out corruption, defending civil rights and personal freedoms, making housing affordable, protecting public health, and rebuilding trust in government.” (Sounds a lot like Mamdani, no?) Where “Jack” might get into trouble, however, is his political inexperience. While he is a Kennedy, and has been in the family business for a whilewhich includes various duties, including presenting the Profile in Courage Award at the JFK Library in Bostonthis is his first run for office. Mamdani also was criticized for lacking experience, but he at least ran for mayor after he was first elected to the New York State Assembly. What Schlossberg does have going for him: He enters the race with the political clout of the Kennedy name and a large, established social media following across platforms, including Instagram, where he goes by “jackuno” and has 739,000 followers. Online, he is part influencer, part instigator, often challenging political opponents whether his own uncle, Health and Human Services Secretary RFK Jr.; Trump; or Vice President Vance, who he has trolled incessantly, making what some have criticized as inappropriate jokes about his wife, Usha (including jokes about having a child with her). In that sense, Schlossberg’s informal approach, his tell-it-like-it-is political commentary, and his sense of humor could be what New Yorkers want in a candidate to help turn the city aroundor it could be the very thing that undoes him in his race for Congress in 2026. Only time will tell.
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E-Commerce
If youve ever been hit with a sketchy text warning you of an overdue toll road payment or mysterious U.S. Postal Service fees, youve likely been targeted by one of the largest cyber scams sweeping the globe. Now, Google is suing an international cybercrime group it believes is responsible for the ubiquitous text-based phishing scheme, which may have raked in as much as $1 billion over the last three years. In the lawsuit filed Wednesday, Google alleges that 25 people are part of a sprawling scam operation known as Lighthouse that was designed to swipe the logins and passwords of victims caught in its web. The Lighthouse scam hinges on tricking people with bogus texts, prompting them to click a link and share their credentials on fake websites. The sites display legitimate-looking logos of brands such as Google, Gmail, and YouTube in hopes of convincing potential victims that their fake web pages are real, hence the companys involvement. Google says that it found 107 website templates misusing Google branding on their sign-in screens in order to fool people into thinking those sites are safe and actually connected to Googles products. According to the lawsuit, almost 200 fake web templates connected to the Lighthouse network imitate U.S. websites like those belonging to the New York City government and USPS. Beyond Googles own logos, the fake sites display official-looking logos of payment companies and social media platforms. Google and other security researchers believe that the text-phishing scam network is based in China, well beyond the reach of U.S. law enforcement. Bad actors built Lighthouse as a phishing-as-a-service kit to generate and deploy massive smishing (SMS phishing) attacks, Google general counsel Halimah DeLaine Prado wrote on the companys blog. These attacks exploit established brands like E-ZPass to steal peoples financial information. Google notes that this family of cybercrime is causing immense financial harm around the globe, and that the company intends to disrupt the schemes core infrastructure with the lawsuit. In it, Google alleges that the unnamed individuals connected to the Lighthouse scam have run afoul of the Racketeer Influenced and Corrupt Organizations (RICO) Act; the Lanham Act, which protects trademarks; and the Computer Fraud and Abuse Act. Because the operation is seemingly based in China, Googles suit likely wont be dragging anyone to court overnight, but the suit could still disrupt the groups web hosting and other aspects of its infrastructure. Because Google doesnt know the names of the 25 individuals connected to the scam, the suit includes their Telegram handles when they are known. To fight cyber scams on U.S. soil, Google also announced Wednesday that it will back a handful of bipartisan bills designed to disrupt fraud, counter scams, and block robocalls that originate overseas. Legal action can address a single operation; robust public policy can address the broader threat of scams, DeLaine Prado said. We encourage Congress to enact these crucial bills and help bring a decisive end to the financial harm and damage wrought by foreign cybercriminals.
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E-Commerce
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