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HomeBusinessParamount to cut the US workforce 3% because it cuts the cost

Paramount to cut the US workforce 3% because it cuts the cost


Paramount Studio at Los Angeles on 29 April 2024.

Eric Thyar | Bloomberg | Getty images

Paramount global In the latest round of the sorting in the media company, its US-based employees are deducting 3.5%, or several hundred employees, as it is with traditional pay-TV bundles and macroeconomic headwinds.

According to a memorandum viewed by CNBC, the company informed its employees of adjacent pruning on Tuesday morning. Memo, which came from the CEO’s office – George Gal, Chris Macarthi and Brian Robins – said the majority of the affected employees would be informed on Tuesday.

The trimming also comes as a paramount, seeking regulator approval for its proposed merger with Skydance Media, organized by a legal battle between CBS and Trump Administration owned by Paramount, which is in “60 minutes” interviews with former vice -president Kamla Harris.

CEO’s trio in last June Presented A Go-forward scheme consisting of job cuts and low cost. In August, paramount began The process of reducing its US-based workforce by 15%.

In Tuesday’s memo, the CEO said that this process may result in some effects on the workforce outside the US over time.

The CEO said in the memo, “We believe how difficult it is and is very grateful for everyone’s hard work and contribution.

In recent weeks, the media industry has been trimmed Informed headcount Lack of Disney And Warner Brothers Discovery.

Paramount appointed about 18,600 full and part -time employees globally as December before the recent cuts, according to the recent cut.

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