Paramount to cut 3% of U.S. workforce
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As studios continue to downsize, Paramount Global is the latest to announce layoffs. The company said Tuesday that it would be laying off 3.5% of its domestic staff.
In a move that blindsided many staffers, Paramount has fired its longtime media agency of record WPP Media ahead of the close of its merger.
Naveen Chopra departs Paramount amidst significant layoffs to become Roblox's new CFO, effective June 30, 2025.
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What Now for Paramount? How Things Will (or Won't) Likely ChangeSkydance's deal to take control of Paramount Global will mean a change in leadership at the company, something the storied studio has dealt with a number of times in the past 60 years, and the ...
Paramount Television Studios will cease operations ... This move is the result of significant changes in the TV and streaming marketplace and the need to streamline our company,” Cheeks wrote ...
"These changes are necessary to address the environment we are operating in and best position Paramount for success," its co-CEOs say.