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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