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 ...

We are also told layoffs have hit the MTV talent team, known internally as TAM, and some in Paramount UK’s original production team, which had already slimmed down majorly two y ...

BET is making layoffs across multiple departments amid the broader wave of cutbacks at parent company Paramount Global. The layoffs were announced by BET CEO Scott Mills in a memo to staff Wednesday, ...

Paramount is laying off 15% of its staff, or about 2,000 people, in a major cost-cutting move aimed at finding $500 million in annual savings. Paramount shutters television studio, begins major ...

Major Paramount Layoffs to Begin Today, Co-CEOs Tell Staff. The layoffs will impact 15 percent of employees, and will happen in three phases, with 90 percent done by the end of September.

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 ...

On Monday July 7, representatives for the International Brotherhood of Teamsters and its Hollywood Local 399 and the ...

Paramount Global is sharpening the ax for a massive wave of staff reductions that could whack as many as 800 ... CBS, MTV and Nickelodeon, are reportedly bracing for hundreds of layoffs next month.

Paramount shares, which closed at $10.55 each at the end of Tuesday’s trading session, have fallen 16% in the past year and 26% year-to-date. Read Next Paramount Begins Round 2 of Layoffs to ...

Today’s layoffs represent about 3% of Paramount’s global head count. At the start of 2023, Paramount had 24,500 full- and part-time employees in 37 countries, with another 5,800 project-based ...

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.