Paramount Global plans a 15% US workforce reduction, targeting $500 million savings by 2025.

Paramount Global plans to reduce its US workforce by 15% in a cost-saving move, aiming to achieve $500 million savings by 2025. The layoffs will impact marketing, communications, finance, legal, tech, and support functions. Co-CEO Chris McCarthy announced the decision during the company's Q2 earnings call, with the reductions expected to be completed by the end of 2024.

August 08, 2024
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