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 ...

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's job cuts are just the latest to hit the beleaguered media industry, which has recently seen staff reductions ...

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 ...

and Brian Robbins notified staff of layoffs in a memo, which said 90% of those impacted would be notified on Tuesday, according to CNBC. Last August, Paramount began the process of reducing its ...

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 ...

Paramount Global is cutting 3.5% of its U.S. workforce, with the company citing linear TV declines and a "dynamic ...

Paramount Global Class B (NASDAQ:PARA) is reducing its U.S.-based staff by 3.5%, marking the latest round of layoffs at the media company, CNBC reported on Tuesday, citing a memo.

It’s the latest round of layoffs at Paramount as it contends with cord-cutting and prepares to merge with Skydance Media.