Long-feared Viacom (VIA) layoffs arrive, and they're not pretty. 850 heads - about 7% of its...

|About: Viacom Inc. (VIA)|By:, SA News Editor

Long-feared Viacom (VIA) layoffs arrive, and they're not pretty. 850 heads - about 7% of its staff. Gawker has the internal memo. Shares opened higher, but are now down 1.4%.