The bloodbath at Paramount Global continued as the struggling media giant kicked off a second round of layoffs in its previously announced plans to cut 2,000 jobs.
The bloodbath at Paramount Global continued Tuesday as the struggling media giant kicked off a second round of layoffs in its previously announced plans to cut 2,000 jobs.
“Like the entire media industry, we are working to accelerate streaming profitability while at the same time adjusting to the evolving landscape in our traditional businesses,” the CEOs said. “Days like today are never easy. It is difficult to say goodbye to valued colleagues, and to those departing, we are incredibly grateful for your countless contributions.”It is unclear when the final 10% of the cuts will be enacted, but they will likely happen before the end of 2024, insiders said.
Chris Cuomo blasts AOC for criticizing Israel's pager attack on Hezbollah: 'Would you have been defending al Qaeda?'replaced by CBS News journalist John Dickerson and WCBS anchorman Maurice DuBois.Paramount Global is reducing 15% of its workforce, as part of a mandate to slash $500 million from its budget.
Business Cbs Cbs News Layoffs Norah O'donnell Paramount Shari Redstone
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