Paramount Lays Off 800 Employees
Paramount Global laid off 800 employees on Tuesday. Read President Bob Bakish's note to staff here.
Stay updated with breaking news from Bob Live. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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, ...