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Paramount lays off several hundred employees amid linear TV declines and ‘dynamic macro-environment’
As studios continue to downsize, Paramount Global is the latest to announce layoffs. The company said Tuesday that it would be laying off 3.5% of its domestic staff.
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 ...
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Paramount To Layoff 15% Of Staff Despite Huge Growth - MSNDespite bringing us some of the best television and film in years, Paramount is laying off 15% of its staff, the company announced Thursday. The layoffs are explicitly focused in the U.S., where ...
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Paramount's planned 15% layoff takes effect; TV studio shuts shop after 11 years - MSNParamount Global (NASDAQ:PARA) on Tuesday started laying off employees, acting on last week's announcement that it would cut workforce by 15% across U.S. operations. Notably, the company is ...
This marks the latest round of layoffs for Paramount, which shed around 2,000 employees, or 15% of its U.S. workforce, ... Paramount is the latest major media entity to announce layoffs, ...
Co-CEOs George Cheeks, Brian Robbins and Chris McCarthy tell staff that after Tuesday, 90 percent of the company's layoffs will be complete. By Alex Weprin Senior Editor Paramount is implementing ...
BET is making layoffs across multiple departments amid the broader wave of cutbacks at parent company Paramount Global.
Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced it would cut 15% of jobs on Thursday, even as the company's streaming business reported its first ...
Paramount Global made an internal announcement about Phase 2 of its ongoing layoffs Tuesday morning, saying 90% of the planned cutbacks will be completed after the new phase.
The job cuts will impact staffers "in areas including linear research, finance, and business and legal affairs," BET CEO Scott Mills shares.
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