In this article, A&M Director Thomas Ohanian discusses the importance of understanding how to attract, keep and motivate in the Media & Entertainment industry.

What Should You Consider when Navigating Organizational Workforce Reductions?

Each day, we read about the continuing and rapid changes occurring in the Media & Entertainment (M&E) industry—such as changes
in business models, windowing strategies, new and emerging technologies, mergers and acquisitions, consolidations, original content
expansion, original content contraction, the shift from linear to streaming, the examination of the cost of streaming, etc.

Amidst these changes and opportunities, reductions in force (RIFs) are also observed across the M&E landscape. Unfortunately, many
companies still employ a less strategic approach in identifying and executing these RIFs.

Why Should Talent, Organization and People Be a Top Priority?

You can think of talent, organization and people (TOP) management as the human side of doing business, and it’s important to get it
right, up front, before making massive personnel changes. You would, after all, almost certainly prioritize different skills and capabilities
for a complete organizational transformation than for a relocation of operations.

Consider the below approaches with regard to your TOP Strategy:

• Talent - What skills will we need to retain and find?
• Organization - How is the organization designed and how will we transition the workforce?
• People - Where are the gaps and how do we judge retention?