Paramount Global lays off employees to reduce costs.
Paramount Global has announced it is cutting 800 employees due to the need to reduce costs. The decision is intended to help the company execute its strategic vision for the upcoming year and build on the momentum of recent successes, such as the record-breaking Super Bowl. Despite these layoffs, Paramount's CEO, Bob Bakish, has expressed appreciation for the talents of the departing employees and their contributions to advancing the company's mission.
February 13, 2024
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