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Paramount Global has begun a planned round of layoffs, with an estimated 800 U.S.-based employees affected.

Paramount CEO Bob Bakish unveiled plans for U.S. layoffs in a company memo.

Paramount Global, amid a swirl of M&A discussions, is laying off about 800 employees worldwide as it looks to trim costs.

Paramount Global, parent company of the CBS network, just laid off 800 employees just one day after CBS announced a record high number of Super Bowl viewers.

Paramount has commenced layoffs with US-based employees affected by the cutbacks set to be notified immediately. A memo from CEO Bob Bakish did not disclose

Paramount Global laid off 800 employees on Tuesday. Read President Bob Bakish's note to staff here.

Paramount Global CEO Bob Bakish said in January he would be reducing staff this year. He began those cuts today, with a memo to staff.

As reported in January, a round of layoffs has come to Paramount Global, with around 800 employees being let go.

Paramount Global CEI Bob Bakish said layoffs are coming but gave no details in a memo to staff laying out strategy for 2024. There was no M&A news.

Multiplatform is a crucial component of Paramount Global’s business strategy. The company produces feature films and TV shows from its holdings located around the world. And it distributes that content across its numerous platforms and to third parties. Paramount, formerly known as ViacomCBS, from the merger of the two companies at the end of 2019, ...