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 REAFFIRMS COMMITMENT TO DELIVERING SUPERIOR $30 PER SHARE ALL-CASH OFFER TO WARNER BROS. DISCOVERY SHAREHOLDERS - PR Newswire
PR Newswire • Jan 8
Paramount Global (PARA) Deep-Dive: From the Brink to the Skydance Rebirth - FinancialContent
FinancialContent • Jan 8
Paramount Skydance Continues to Insist Its Warner Bros. Discovery Offer at $30/Share Is Better Than Netflix’s Deal - Variety
Variety • Jan 8
David Ellison got some good news this week despite Warner Bros. Discovery rejecting his latest bid - Business Insider
Business Insider • Jan 7
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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