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Paramount Global announces layoff of 800 employees a day after record Super Bowl viewership


Jobhunter

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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.

 

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