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Paramount to slash 3.5% of US staff

New York Post on MSN · 4d

Paramount to slash 3.5% of US staff in latest round of cuts: ‘Hard, but necessary’

Paramount Global is laying off 3.5% of its US workforce in the latest round of cuts as the media giant struggles with steep declines in cable TV subscribers, the company said Monday. The move follows a 15% reduction last year as part of a $500 million cost cutting plan.

NBC4 Washington · 4d

Paramount to cut 3% of U.S. workforce as it deepens cost-cutting

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

ET BrandEquity · 4d

Paramount to lay off 3.5% of US staff in latest job cut, memo shows

Paramount Global is set to lay off 3.5% of its U.S. staff due to declining cable TV subscribers, following a significant previous reduction. The memo highlights ongoing challenges within the media industry as it adapts to shifting viewer habits towards streaming platforms.

4don MSN

Paramount to Cut Another 3.5 Percent of U.S. Staff As It Awaits Word On Skydance Deal Close

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

4don MSN

Paramount layoffs: TV and movie giant cuts 3.5% of U.S. workforce ahead of merger with Skydance Media, citing uncertain economy

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

4d

Paramount attempts to stop the bleeding with another major layoff

Our progress is clear, and the results are meaningful.” Nevertheless, “several hundred” Paramount employees are now out of a ...

4don MSN

Paramount Makes More Layoffs: Several Hundred Employees Axed, Representing 3.5% of U.S. Workforce

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

4don MSN

Paramount To Lay Off 'Several Hundred' Employees

According to reports, Paramount ended 2024 with 18,600 employees worldwide, down from the 21,900 full- and part-time ...

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