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 ...

A recent round of layoffs at Paramount has affected 3.5% of the company’s US teams, with more cuts still on the table in the ...

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 said it's cutting 3.5% of its workforce, citing challenges in the broader economy and in the linear ...

Paramount Global (PARA) is set to lay off 3.5% of its workforce in a new round of job cuts, according to a memo reportedly sent to staff on Tuesday. The company’s shares were little changed in ...

Paramount Global plans to cut 15% of its U.S workforce — or roughly 2,000 ... the entertainment company would make its anticipated reductions during a second-quarter earnings call, according ...

Paramount Global has initiated the next ... we will begin phase two of our workforce reductions in the US. Like the entire Media industry, we are working to accelerate streaming profitability ...

Skydance’s “promises of ‘synergies’ and Paramount’s recent workforce reductions tend to undermine their labor-related pledges,” the Teamsters claimed in the regulatory filing.

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