Paramount Global to Lay Off 3,500 Employees
SOURCENews reportView the filing ↗
What we know
Location: United States.
Based on news reporting.
Summary
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.
LayoffTalk has tracked 36 layoff events at Paramount Global since October 2023, including 1,559 jobs documented in official WARN filings, with 25 additional events known from news reporting.
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