Location: United States.
Based on news reporting.
Paramount Global has announced plans to lay off approximately 3.5% of its US workforce, which translates to about 3,500 employees. This decision comes in response to a significant decline in pay-TV subscriptions, reflecting broader challenges within the media industry. The layoffs are part of a strategic effort to streamline operations and adapt to changing market conditions. While the exact timeline for these layoffs has not been specified, the company is taking these measures to ensure long-term sustainability amidst evolving consumer preferences.
Paramount Global cut 3,500 jobs.
That is roughly 16% 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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