Paramount Global to lay off 800 employees after record Super Bowl ad revenue and ratings
Headline from ABC 7 San Francisco
Paramount Global, the owner of CBS broadcast and cable TV networks, announced Tuesday it will lay off hundreds of staffers
ABC 7 San Francisco's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Paramount Global CEO Bob Bakish announced the company will lay off hundreds of employees Tuesday, just a day after CBS announced Super Bowl viewing records.
Paramount Global, the owner of broadcast and cable TV networks, announced Tuesday it will lay off hundreds of staffers as the media giant looks to reduce costs and grow revenue.
Paramount Global is laying off about 800 employees or roughly 3% of its workforce, a person familiar with the matter said Tuesday, as the media company looks to cut costs and return to earnings growth this year.
Paramount Global said Tuesday it’s laying off some of its “very valued colleagues,” including on its Paramount+ team. The cuts will reportedly affect about 800 employees, an estimated three percent of the media giant’s workforce.
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