Location: New York, NY, USA.
Based on news reporting.
Paramount Global has recently laid off approximately 250 employees as part of a broader workforce reduction strategy. This decision coincides with layoffs at BET, a subsidiary of Paramount, indicating a significant restructuring effort within the company. The layoffs are part of an ongoing effort to streamline operations and adapt to changing market conditions. The affected employees were primarily based in New York, reflecting the company's focus on consolidating its resources in key areas. This move underscores the challenges facing Paramount Global as it navigates a competitive media landscape.
Paramount Global cut 250 jobs as of October 10, 2023.
That is roughly 1.1% of the 21,900 people Paramount Global employs.
LayoffTalk has tracked 46 layoff events at Paramount Global since October 2023, affecting a combined 11,649 employees.
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