Paramount Global, the multinational media and entertainment company, has announced plans to lay off 2,000 employees, which amounts to 15% of its workforce, as part of a cost-saving initiative that will save the company $500 million USD annually. The report further mentions that the company will reduce the value of its cable TV networks by…
Paramount Global to Layoff 800
Paramount Global, commonly referred to as Paramount, is a multinational media and entertainment conglomerate formed through the merger of a division of CBS Corporation and Viacom. Founded in 2019, the company’s divisions include televisions and media networks like MTV, Nickelodeon, and Comedy Central, etc. With its headquarters in New York City, USA, Paramount operates over…