Paramount Global Layoffs

SOURCE www.breitbart.com
Paramount Global is planning to cut its workforce by 15% in an effort to reduce spending by $500 million in 2025, with a focus on marketing, communications, legal, and technology. The layoffs will be completed by the end of the year to transform the organization for the future of streaming.

Key Points

  • 15% reduction in workforce
  • Focus on cost-cutting in marketing, communications, legal, and technology
  • Layoffs to be completed by the end of the year

Pros

  • Potential cost savings of $500 million in 2025
  • Focus on transforming the organization for the future of streaming

Cons

  • 15% reduction in workforce
  • Difficult decisions impacting talented employees