Based on news reporting.
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 46 layoff events at Paramount Global since October 2023, affecting a combined 11,649 employees.
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Estimated figure based on news reporting. Not yet confirmed by Paramount Global.
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