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flag Paramount Global lays off 2,000 employees under new CEO Brian Ellison to cut costs and restructure amid industry challenges.

flag Paramount Global has initiated approximately 2,000 layoffs as part of a major restructuring under new leadership, with CEO Brian Ellison overseeing a strategic overhaul of the company. flag The cuts, affecting multiple departments, are aimed at reducing costs and streamlining operations amid ongoing challenges in the media and entertainment industry. flag The company has not disclosed specific departmental impacts but confirmed the move follows a broader effort to adapt to shifting viewer habits and competitive pressures.

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