Paramount Global lays off 15% of US workforce, closes comms dept, and outsources communications to studios.

Paramount Global is implementing significant layoffs at Paramount+, including the closure of its communications department and the departure of senior vice presidents Morgan Seal and Amanda Cary. This reduction is part of a broader plan to cut 15% of the U.S. workforce, aiming for $500 million in annual savings. The company will outsource communications to affiliated studios, as it seeks to adapt to changes in the media landscape and enhance profitability.

September 24, 2024
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