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.

who controls National Amusements and its 77% voting shares in Paramount Global. July 2, 2024 Paramount employees have been reeling due to corporate uncertainty throughout the year. As the sale ...

Paramount Global on Thursday reported it took a $6 ... Executives also announced another steep round of layoffs to shrink the Paramount workforce by 15%. The disclosures, part of Paramount ...

Following several rounds of layoffs and ahead of Paramount Global's merger with Skydance Media, Paramount Television Studios ...

The report, which surfaced Monday, comes at a pivotal time for Paramount Global and both its employees and its shareholders.

The company announced it would be cutting 15 percent of its global workforce ahead of merger with Skydance. Paramount Television Studios, which has produced shows like “Reacher” on Amazon ...

Paramount Global plans to cut 15% of its U.S workforce — or roughly 2,000 employees — by the end of the year. Co-CEO Chris McCarthy confirmed the entertainment company would make its ...

Paramount Global will cut about 15% of its U.S.-based workforce, co-CEO Chris McCarthy said on Thursday. The media company disclosed its plans for the layoffs as it released its second-quarter ...

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 ...

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 ...

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 ...