"Paramount Global Announces Layoffs of 800 Employees Following Record Super Bowl Ratings"
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.