Paramount Global to Lay Off 3.5% of US Workforce Due to Declining Pay-TV Subscriptions
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
Paramount Global has announced plans to lay off 3.5% of its US workforce as a response to a decline in pay-TV subscriptions. This decision reflects the company's ongoing challenges in the changing media landscape, where traditional cable services are losing subscribers to streaming platforms. While the exact number of employees affected has not been specified, the layoffs are part of a broader strategy to adjust to market demands. The company has not provided a timeline for when these layoffs will take effect, indicating that further details may be forthcoming.
LayoffTalk has tracked 36 layoff events at Paramount Global since October 2023, including 1,559 jobs documented in official WARN filings, with 25 additional events known from news reporting.
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