Based on news reporting.
Paramount Global has announced plans to lay off 3.5% of its US workforce as a response to the ongoing decline in pay-TV subscriptions. This decision reflects the company's efforts to adjust to changing market conditions and consumer behavior. While the exact number of employees affected has not been disclosed, the layoffs are part of a broader strategy to streamline operations. The company has not specified the timeline for these layoffs, indicating that further details will be provided in due course.
Paramount Global cut 3,000 jobs.
That is roughly 13.7% 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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Estimated figure based on news reporting. Not yet confirmed by Paramount Global.
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