Reported 3 days ago
Paramount Global announced it will lay off 3.5% of its domestic staff, translating to several hundred jobs, as it confronts declining linear television viewership amidst a challenging economic climate. The layoffs were communicated to affected employees on Tuesday, and while specifics about the departments affected were not disclosed, the company emphasized the importance of prioritizing streaming investments. This decision follows similar moves by other studios in Hollywood facing the same industry trends.
Source: YAHOO