PG
Layoff Details
- Reason
- Paramount Global laid off 1,600 employees in South America, representing a 15% reduction in its workforce. This move is part of a broader cost-cutting initiative aiming for cost savings worth $3 billion as the company restructures operations.
- Affected Locations
- South America
Related Articles
Recent Paramount Global News
Paramount and Skydance Announce Anticipated Closing Date, Deadlines to Elect Merger Consideration and Change of Ticker Symbol Effective at the Closing - Investor Relations | Paramount
Investor Relations | Paramount • Jul 25
Why Paramount (PARA) Stock Is Down Today - Yahoo Finance
Yahoo Finance • Aug 6
Paramount Skydance shares rise as Ellison's bets get bolder - Reuters
Reuters • Nov 11
Paramount Shares Reverse Gains After Skydance Merger Greenlight, Investors Cautious – Update - Deadline
Deadline • Jul 25
Company Info
- Website
- www.paramount.com
- Industry
- Entertainment
- Sector
- Communication Services
- Headquarters
- New York, New York
Event Snapshot
Employees Affected 1,600
Percent of Workforce 15.0%
Verification UNVERIFIED
No other canonical layoff events recorded for this company.
Disclaimer
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