Paramount To Lay Off 15% Of US Workforce As Streaming Generates Its First-Ever Profit

Woe is linear. On Thursday, Paramount announced that it’s writing down its cable TV business by $ 6 billion and laying off 15% of its US workforce as part of cost-cutting measures in advance of its planned merger with Skydance Media. The layoffs, which include cuts to marketing and communications roles, will take place in the […]

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