Our progress is clear, and the results are meaningful.” Nevertheless, “several hundred” Paramount employees are now out of a job. More or less quarterly layoffs are an industry-wide trend; despite seemingly having a successful year,

As studios continue to downsize, Paramount Global is the latest to announce layoffs. The company said Tuesday that it would be laying off 3.5% of its domestic staff.

"These changes are necessary to address the environment we are operating in and best position Paramount for success," its co-CEOs say.

Paramount Global chief financial officer Naveen Chopra is exiting his post at the media company to join gaming platform company Roblox as CFO.

The layoffs on Tuesday impact around 3.5 percent of Paramount’s global workforce, with the company having laid off around 2,000 US employees last year. In an internal memo seen by Deadline, Paramount execs said the cuts were driven by linear TV declines and broader economic concerns as the company focuses its efforts on streaming.

For them, picking up work at Home Depot is their only source of income, and some work as little as one day a week.  While Valencia and other day laborers sought wages, other community members in Paramount and Compton,

EXCLUSIVE: In a move that blindsided many staffers, Paramount has fired its longtime media agency of record in a cost-saving move as its merger with Skydance Media continues to gestate. WPP Media, formerly known as GroupM before a recent rebrand,

The city was at the center of a national storm after images of protests near a Home Depot there Saturday spread.