Jobhunter Posted February 13 Share Posted February 13 In a surprising turn of events, Paramount Global, a major player in the media industry, has announced the layoff of approximately 800 employees. This announcement came just a day after the company celebrated record Super Bowl viewership on its CBS network. The layoffs, which represent roughly 3% of Paramount Global’s workforce, were communicated by CEO Bob Bakish in an internal memo. The move is seen as an effort to cut costs and operate as a leaner company. This decision has sent ripples through the industry, highlighting the challenges faced by traditional media companies in the rapidly evolving digital landscape. Read more: https://www.nytimes.com/2024/02/13/business/media/paramount-layoffs.html https://www.hollywoodreporter.com/business/business-news/paramount-layoffs-memo-staff-cuts-1235823470/ https://edition.cnn.com/2024/02/13/media/paramount-global-layoffs-super-bowl/index.html Quote Link to comment Share on other sites More sharing options...
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