Paramount Global said Tuesday that the entertainment and media company is cutting 3.5% of its workforce, citing challenges in ...

Our progress is clear, and the results are meaningful.” Nevertheless, “several hundred” Paramount employees are now out of a job. More or less quarterly layoffs are an industry-wide trend; despite ...

Paramount’s last round of layoffs took place in February when CEO Bob Bakish was still in charge and about 800 staffers were let go. Bakish himself was shown the door two months later.

Paramount Global will cut 15% of its U.S. workforce in the next few weeks — a round of layoffs that will affect about 2,000 employees — coming ahead of its planned merger with Skydance Media.

Layoffs are hitting Paramount Global. The media giant that owns the Paramount Pictures movie studio, plus CBS, Nickelodeon and other networks, will eliminate roughly 800 jobs as part of a broad ...

Paramount Global, the owner of broadcast and cable TV networks, announced Tuesday it will lay off hundreds of staffers as the media giant looks to reduce costs and grow revenue. The news comes ...

Paramount Global CEO Bob Bakish on Thursday said the media company would undergo layoffs as it strives to become a leaner company that spends less.. Bakish said the entertainment industry has been ...

Paramount Global has initiated the next phase of its plan to lay off 15% of its U.S. workforce, saying the cuts will be 90% complete after today.

Paramount — along with a number of other media companies — went through multiple rounds of cuts over the past 14 months. In November 2022, CBS Studios and Paramount TV Studios were impacted.

Cuts at Paramount come after CBS, owned by Paramount Global, saw record-breaking advertising and sales for Super Bowl LVIII's 120 million viewers. ... See more 2024 media layoffs.

Paramount’s cost-cutting plan, especially the layoffs, aims to create $500 million in annual savings in the near term — and that’s “just the beginning,” Cheeks said.