Paramount Initiates Layoffs In Effort To Cut 15% Of U.S. Workforce
WEBSep 24, 2024 · 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 further cutbacks today.
Paramount Global's Advertising Group Hit by Layoffs - Variety
WEBSep 17, 2024 · Paramount Global‘s advertising group conducted a round of layoffs Tuesday, which are part of the media conglomerate’s efforts to slash $500 million in annual costs, Variety has confirmed.
Paramount Global begins second phase of layoffs in U.S., …
WEBSep 24, 2024 · Paramount Global has begun the second phase of its planned layoffs in the United States as the media giant pushes toward increasing profitability, according to an internal memo seen by...
Paramount Global Layoffs Are Underway: Read CEO Bakish Memo ... - Variety
WEBFeb 13, 2024 · Paramount Global, amid a swirl of M&A discussions, is laying off about 800 employees worldwide — an estimated 3% of its headcount — as it looks to trim costs. CEO Bob Bakish announced the...
Paramount Global Unveils 'Phase Two' of Layoffs - Variety
WEBSep 24, 2024 · Paramount Global Unveils ‘Phase Two’ of Layoffs. By Brian Steinberg. Courtesy of Paramount Global. Paramount Global unveiled a second wave of staff cuts Tuesday morning, part of a larger bid by...
Paramount to lay off 15% of staff amid brutal period in media - CNN
WEBAug 8, 2024 · Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to...
Paramount Sued by Ex-Workers Over Mass Layoffs Without Notice
WEBOct 3, 2024 · Paramount Global is facing a new lawsuit over the latest round of major companywide layoffs. The proposed class action, filed in New York federal court on Thursday, alleges that Paramount failed ...
Paramount shutters television studio, begins major layoffs - Los ...
WEBAug 13, 2024 · Paramount Global announced Tuesday that it was shuttering one of its television studios, part of a round of deep staff cuts aimed at eliminating nearly 2,000 jobs by year’s end as the company...
Paramount Global takes $6-billion write-down, announces layoffs …
WEBAug 8, 2024 · Paramount is trying to transition from cable channels to streaming through its Paramount+ service, which is growing but has lost money for years.
Paramount Global to lay off 15% of U.S. workforce and close TV …
WEBAug 13, 2024 · Paramount Global will begin laying off 15% of its workforce in the United States starting Tuesday and close down its Paramount Television studio as part of a planned restructuring, the media...