Paramount is making significant cuts to its workforce in the United States, announcing layoffs that will affect approximately 2,000 employees—roughly 15% of its US staff.
These layoffs are part of a broader strategy by the company to reduce costs as it prepares for its upcoming merger with Skydance.
The news of the layoffs coincided with Paramount’s latest earnings report, which revealed a substantial $5.98 billion write-down on its legacy networks.
This move is reminiscent of the recent actions taken by Warner Bros. Discovery, which has also faced significant financial challenges as the media industry undergoes rapid transformation.
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