Based on news reporting.
Paramount Global has announced plans to lay off 3.5% of its US workforce in response to a significant decline in pay-TV subscriptions. This decision reflects the company's ongoing challenges in the evolving media landscape, where traditional cable services are facing increasing competition from streaming platforms. While the exact number of employees affected has not been disclosed, the layoffs are part of a broader strategy to streamline operations and adapt to changing consumer preferences. The company aims to position itself more effectively in the market amidst these challenges.
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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