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Paramount Global cuts 3.5% of U.S. jobs, citing pay-TV declines and economic pressures.
Paramount Global is cutting 3.5% of its U.S. workforce, affecting several hundred employees, due to declining traditional pay-TV subscriptions and broader economic pressures.
This follows a 15% cut in 2024.
The company, formerly ViacomCBS, with a workforce of around 18,600, is also seeking approval for its merger with Skydance Media.
Leadership warned of potential further global workforce impacts.
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Paramount Global recorta el 3.5% de los empleos de EE.UU., citando la disminución de la televisión de pago y las presiones económicas.