UNVERIFIED

Paramount Global | Layoff Event

November 10, 2025 • 223 days ago

1,600 affected • 15.0%

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

Hollywood Comes to the Jersey Shore: Inside the $2 Billion Studio Boom Transforming New Jersey

Netflix, Paramount, and independent studios are investing over $2 billion in New Jersey film production facilities, creating thousands of jobs and transforming the Garden State into a major East Coast entertainment hub.

August 5, 2025 • 7 min read •

entertainmentnew jersey

Recent Paramount Global News

Paramount Global stock (US92556V1061): Investor focus after Skydance deal and streaming headwinds - AD HOC NEWS

AD HOC NEWS • May 18

Paramount Skydance beats Q1 forecasts but stock slides - MSN

MSN • May 4

Paramount Global stock (US92556V1061): earnings trends and streaming strategy in focus - AD HOC NEWS

AD HOC NEWS • May 18

Paramount Skydance Earnings Preview: What to Expect - Yahoo Finance

Yahoo Finance • Apr 23

Company Info

Website: www.paramount.com
Industry: Entertainment
Sector: Communication Services
Headquarters: New York, New York

View Company Profile

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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