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Paramount is trimming your American workforce up to 3.5% in a step of cutting global cost.
The plan to cut the company’s jobs was announced by its three co-CEOs in a company-wide memo viewed by Fox Business on Tuesday.
Co-COOS George Gaal, Chris Macarthi and Brian Robins said in message That paramount “This week was taking difficult, but necessary steps to further streamlie our organization.”
An image of a woman having a cellphone in front of the paramount logo displayed on a computer screen in Edmonton, Canada on 29 April 2024 (Artur Widak / Nurphoto Getty Images / Getty Images)
Memo said that by streamlining the organization of Paramount, 3.5% of the company’s American employees would increase to lose their jobs.
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This comes when the media company navigates “continuous industry-wide” Linear fall And dynamic macro-economic environment, giving priority to investment in our growing streaming business, “according to the co-CEO.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Para | Paramount global | 12.17 | +0.17 |
+1.42% |
Many paramount workers were being allowed to go on Tuesday to receive notification.
Globally, around 18,600 people worked for Paramount full -time or part -time at the end of 2024.
Under this step, some paramount workers located in other countries may also be affected over time, “Memo said.
Paramount people are displayed on 9 March 2023 at Columbia Square with Sunset Blawd in Hollywood, California. (Patrick T. Follen / AFP Getty Image / Getty Image)
Paramount said, “All the affected employees are committed to ensuring that during this time it is supported with care and respect,” said Gaal, Macarthi and Robins.
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Company, which agreed to one Proposed merger with Skydance Media Last year which has not yet been closed, till Tuesday afternoon there was a market capitalization of $ 8.6 billion.
Its portfolio includes Paramount+Comedy Central, MTV, Nickelodian, CBS and Paramount Pictures, others.
Paramount Plus logo is displayed on the smartphone screen. (Rafael Henrich/SOPA images/Getty image/lighter through the image)
of great quality First cut Last year, about 15%of its US-based workforce.
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Those trimmed, which were announced in August, “mainly” focused on “focus on” marketing and communication “and” its corporate structure “” streamlined “,” McCarthi said that while reducing our headcounts in finance, legal, technology and other support works, “McCarthy said at that time.
