Coverage dated August 12, 2024
Paramount laying off another 15 percent of its US workforce Headline from Engadget
Paramount laying off another 15 percent of its US workforce.The company let go of 3 percent of its employees back in February.
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Engadget
Paramount laying off another 15 percent of its US workforce ↗ (opens Engadget) Published Aug 12, 2024
Engadget's feed description Paramount laying off another 15 percent of its US workforce.The company let go of 3 percent of its employees back in February.
New York Times
Paramount Lays Off 15 Percent of U.S. Employees ↗ (opens New York Times) Published Aug 12, 2024
New York Times's feed description The company is cutting staff ahead of its merger next year with the Hollywood studio Skydance.
FOX Business
Paramount begins laying off 15% of work force, hundreds expected to be cut ↗ (opens FOX Business) Published Aug 12, 2024
FOX Business's feed description Paramount has begun laying off a significant portion of its U.S. workforce, with hundreds of employees expected to be cut from the company in the coming weeks.
Deadline
Paramount Layoffs Begin; Co-CEOs Tell Staffers Media Company Has Reached “An Inflection Point” As “Industry Continues To Evolve” ↗ (opens Deadline) Published Aug 12, 2024
Deadline's feed description Paramount Global has initiated the first wave of layoffs as it looks to reduce its U.S. workforce by 15%.
Los Angeles Times
Paramount begins major layoffs ahead of Skydance merger ↗ (opens Los Angeles Times) Published Aug 12, 2024
Los Angeles Times's feed description 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.
The Hollywood Reporter
Major Paramount Layoffs to Begin Today, Co-CEOs Tell Staff ↗ (opens The Hollywood Reporter) Published Aug 12, 2024
The Hollywood Reporter's feed description Paramount layoffs begin, cutting 15% of employees starting Tuesday.