Paramount Announces 2,000 Job Cuts Amid Restructuring and Show Cancellations
TL;DR Summary
Paramount has laid off around 1,000 employees across various divisions including production, marketing, and music as part of a restructuring effort to save $2 billion, with key executives departing and a focus on right-sizing the organization for future growth.
- Paramount Layoffs Hit Motion Picture Execs In Production, Marketing, Music & More; Studio Co-Chairs Say, “Today Has Been A Difficult One” Deadline
- Paramount Layoffs Begin: David Ellison Tells Staff Restructuring Required to Address “Evolving Priorities” The Hollywood Reporter
- CBS News staffers lose jobs in ‘bloodbath’ as part of sweeping cuts from Paramount The Guardian
- Paramount to Lay Off 2,000 Employees The New York Times
- Exclusive | 'CBS Saturday Morning' co-hosts out as network blows up 28-year-old show: sources New York Post
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