Paramount Global Layoffs

SOURCE www.breitbart.com
Paramount Global is planning to cut 3.5% of its U.S. workforce in the next round of layoffs to address industry-wide declines and prioritize investments in its streaming business.

Key Points

  • 3.5% of U.S. workforce to be laid off
  • Paramount began reducing U.S.-based workforce by 15% in August
  • Company had roughly 18,600 employees as of December before recent cuts

Pros

  • Addressing industry-wide declines
  • Prioritizing investments in streaming business

Cons

  • Job cuts impacting employees