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Paramount to Cut 3.5% of U.S. Workforce Amid Merger Delay and Industry Pressures
Paramount Global said Tuesday it will lay off 3.5% of its U.S. workforce-amounting to several hundred employees-as the company accelerates cost-cutting efforts amid ongoing declines in the linear television market and delays in its proposed merger with Skydance Media.
"These changes are necessary to address the environment we are operating in and best position Paramount for success," its ...
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 ...
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 will cut about 15% of its U.S.-based workforce, co-CEO Chris McCarthy ... Paramount Global linked the upcoming headcount reduction to a "strategic plan" that involves ...
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 ...
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.
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