"Paramount Global Announces Layoffs of 800 Employees Following Record Super Bowl Ratings"
TL;DR Summary
Paramount Global is laying off about 800 employees, approximately 3% of its workforce, following record Super Bowl viewership on CBS. The company, which owns assets such as CBS, Paramount Pictures, and Paramount+, is considering merger and acquisition options, including talks with Skydance Media and Warner Bros. Discovery. The layoffs come as the company aims to operate more efficiently and address losses from its Paramount+ streaming service, which reported a $238 million loss in the third quarter.
Topics:business#business-entertainment#layoffs#merger-talks#paramount-global#streaming-service#super-bowl-ratings
- Paramount Global lays off about 800 employees, a day after announcing record Super Bowl ratings CNBC
- Paramount Global Layoffs Begin; CEO Bob Bakish Tells Departing Employees, “Your Talents Have Helped Us Advance Our Mission” Deadline
- Paramount to Lay Off 800 Staffers As CEO Unveils Broad “Streamlining Costs” Effort Hollywood Reporter
- Paramount Lays Off Hundreds of Workers The New York Times
- Paramount Lays Off 800 Employees – IndieWire IndieWire
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