"Paramount Global Prepares for Fresh Wave of Layoffs"
Paramount Global is set to undergo another round of layoffs in February, impacting hundreds of employees across the company. The extent of the cuts is rumored to be in the hundreds, affecting various divisions, with senior executives given reduction targets to hit. National Amusements, Inc., the majority owner of Paramount Global, has reportedly been fielding acquisition offers amid the company's challenges related to cord-cutting, a soft ad market, and volatility in the movie business.
