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Paramount initiates $500M cost-cutting strategy, cutting 15% US workforce and 2,000 jobs.
Paramount, amidst its acquisition by Skydance Media, is initiating a cost-cutting strategy aimed at saving $500 million.
The company has already reduced its US workforce by 15% and plans to cut about 2,000 jobs, focusing primarily on marketing and administrative roles.
By the end of the current round, 90% of layoffs will be completed, streamlining operations in various support functions across the organization.
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Paramount inicia una estrategia de reducción de costes de 500 millones de dólares, reduciendo el 15% de la fuerza laboral estadounidense y 2.000 puestos de trabajo.