Location: New York, NY, USA.
Based on news reporting.
Paramount Global has announced plans to lay off approximately 5,000 employees as part of a major restructuring effort aimed at streamlining operations and reducing costs. The layoffs are set to take effect on January 15, 2025, as the company seeks to adapt to the evolving landscape of the streaming industry. This decision comes in the wake of significant financial challenges and a need to realign resources. The layoffs will impact various departments, although specific details on which divisions will be affected have not yet been disclosed. Paramount Global's leadership has indicated that these changes are necessary to ensure the company's long-term viability and competitiveness in the market.
Paramount Global cut 5,000 jobs.
That is roughly 22.8% 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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Paramount Global has announced planned job cuts affecting 5,000 employees. If you work there, what are you hearing internally? Which teams expect to be affected? You can post anonymously below.
Estimated figure based on news reporting. Not yet confirmed by Paramount Global.
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