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Paramount is laying off 3.5% of its US workforce. Its leaders sent a memo to workers describing the rationale for the cuts.
"These changes are necessary to address the environment we are operating in and best position Paramount for success," its ...
Paramount's job cuts are just the latest to hit the beleaguered media industry, which has recently seen staff reductions ...
The move follows a 15% reduction last year as part of a $500 million cost cutting plan. The company ended 2024 with 18,600 ...
Paramount Global is set to lay off 3.5% of its U.S. staff due to declining cable TV subscribers, following a significant ...
Our progress is clear, and the results are meaningful.” Nevertheless, “several hundred” Paramount employees are now out of a ...
The move follows a 15% reduction last ... Getty Images for Paramount Pictures Co-Chief Executive Officers George Cheeks, Chris McCarthy and Brian Robbins wrote in a staff memo that the cuts ...
It’s the latest round of layoffs at Paramount as it contends with cord-cutting and prepares to merge with Skydance Media.
Paramount Global is cutting 3.5% of its U.S. workforce, with the company citing linear TV declines and a "dynamic ...