September 24, 2024 · The New York Times
Paramount Cuts 15% of U.S. Workforce Ahead of Skydance Merger
Paramount Global laid off roughly 15% of its U.S.-based employees — about 2,000 people — as the media conglomerate prepares for its merger with Skydance Media. The cuts span CBS, Showtime, Paramount Pictures, and corporate functions. CEO Bob Bakish said the reductions are necessary to streamline the company before the transaction closes.
2,000 affectedView Paramount history →