Paramount Global will cut $500 million in costs by the end of the year, and aims to have the bulk of them completed by the end of September, according to a memo from company management issued Tuesday.

President Nicole Clemens said in an email to employees. George Cheeks, Paramount Global's co-CEO, said the move to close down the studio by the end of the week is the result of major shifts in the ...

The decision comes amid broader layoffs at Paramount Global, with the company previously saying it would cut 15% of its U.S. workforce in an effort to save $500 million ahead of a planned merger ...

LOS ANGELES – Paramount Global launched a deep round of staff ... On Tuesday, the leaders said affected employees would be notified in three phases “starting today and continuing through ...

Paramount Global (PARA) announced in a memo to staff ... According to a separate internal memo from the company's CEO trio, the layoffs kicked off on Tuesday and will continue in three phases ...

This year, a cruel mirror image has appeared: a brutal season of layoffs. The entertainment industry is reeling from cuts at Paramount Global, which last week began a deep cost-cutting effort that ...

In the memo, Clemens and Cheeks insisted that while Paramount TV is coming to an end, “our ethos will live on in shows that will continue to be enjoyed by global audiences for years to come.” ...

Paramount Global will cut approximately 15% of its U.S.-based workforce in upcoming layoffs, co-CEO Chris McCarthy disclosed in an earnings call on Thursday. Skydance Media and RedBird Capital ...

Wednesday, June 12th marked Paramount's 28th annual Community Day. Paramount is thrilled to share that this year’s global ...

Paramount Global is cutting costs as it prepares to merge with Skydance. The company said Tuesday that it’s beginning layoffs that will cut 2,000 jobs, and closing one of its television studios, the L ...