Location: New York, NY, USA.
Department affected: DEI unit.
Based on news reporting.
Paramount Global has initiated significant layoffs, affecting approximately 1,500 employees as part of a restructuring effort under the leadership of David Ellison. The layoffs are part of a broader strategy to reshape the company amidst ongoing challenges in the media landscape. The affected employees are primarily based in New York, where the company is streamlining operations to enhance efficiency and adapt to changing market conditions. This move reflects a shift in focus for Paramount Global as it seeks to reposition itself in a competitive industry. The layoffs are expected to impact various departments, although specific divisions have not been disclosed.
Paramount Global cut 1,500 jobs affecting its DEI unit team as of October 1, 2023.
That is roughly 6.8% 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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