Economic Challenges for Paramount

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Paramount Global to Cut 3.5% of US Workforce

Paramount to cut 3.5% of its workforce amid economic and media industry challenges

Paramount Global said it's cutting 3.5% of its workforce, citing challenges in the broader economy and in the linear television business.

Deadline on MSN · 4d

Paramount Cutting Another 3.5% Of Its Domestic Workforce, Citing Linear TV Declines And Broader Economy

Paramount Global, which last year shed 15% of its U.S. workforce, said Tuesday it will reduce it by another 3.5% due in part to linear TV declines.

Fast Company on MSN · 3d

Paramount layoffs: TV and movie giant cuts 3.5% of U.S. workforce ahead of merger with Skydance Media, citing uncertain economy

Paramount's job cuts are just the latest to hit the beleaguered media industry, which has recently seen staff reductions at Disney and Warner Bros. Discovery.

The HR Digest2d

The Paramount Layoffs Highlight How the Cable TV Slump Is Spurring Job Losses

A recent round of layoffs at Paramount has affected 3.5% of the company’s US teams, with more cuts still on the table in the ...

USA Today3mon

Warner Bros. and Paramount might merge. What's it going to cost you to keep streaming?

Discovery CEO David Zaslav met with Paramount CEO Bob Bakish this week ... Streaming services are facing their own economic demons: stiff competition combined with slowing subscription growth.

CBS News11mon

Paramount Global to merge with Skydance Media

content creators and financial stakeholders who are invested in the Paramount legacy and the longevity of the entertainment economy," Ellison said in a statement. "I am incredibly grateful to ...

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