Paramount Global (PARA) to layoff around 800 employees
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Paramount Global to lay off about 800 employees - source
February 13, 2024 9:12 AM ESTBy Samrhitha A and Jaspreet Singh
(Reuters) -Paramount Global is laying off about 800 employees or roughly 3% of its workforce, a person familiar with the matter said on Tuesday, as the media company looks to cut costs and return to earnings growth this year.
The affected workers who are based in the United States will be notified Tuesday, CEO Bob Bakish said in a memo to employees seen by Reuters, adding that the layoffs will also impact some of its employees in offices outside the U.S.
... MoreParamount Global (PARA) to Cut 800 Jobs - Reports
February 13, 2024 9:03 AM ESTParamount Global (NASDAQ: PARA) to Cut 800 Jobs - Reports
Reports from Bloomberg, WSJ Citing Memo... More
