Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Paramount Global will lay off about 2,000 US employees over the next few weeks https://t.co/fHgd1OgSeR via @Variety
📣 JUST IN: $PARA Paramount Global to Cut 15% of U.S. Workforce Amid Cost-Saving Efforts $DIS $NFLX $WBD $PARAA $AMZN $FUBO $CMCSA 👉 Key Highlights: 📍 Paramount Global cutting 15% of its U.S. workforce. 📍 $500 million in cost savings identified. 📍 Part of $2 billion in… https://t.co/dUSXM4vdnz https://t.co/TvxIXtQb9f
Paramount Global $PARA is cutting 15% of its 🇺🇸 workforce, part of a broader cost-cutting plan as it prepares for a merger with Skydance Media - CNBC
Paramount Global has announced a significant reduction in its U.S. workforce, cutting approximately 15% of employees, as disclosed during its earnings conference call. This move is part of a broader cost-cutting strategy, with the company aiming to achieve $500 million in cost savings. The layoffs will primarily affect departments such as marketing, finance, and legal, and are expected to commence early next week, with completion anticipated by the end of the year. The reduction, involving about 2,000 employees, is also linked to Paramount's preparations for a merger with Skydance Media.