Paramount International is chopping tons of of workers, about 3.5% of its U.S. employees, in accordance with a memo considered by CNBC and Reuters.
The memo, which stated laid-off employees could be notified on Tuesday, was from the corporate’s trio of CEOs — George Cheeks (CBS), Chris McCarthy (Showtime and MTV Leisure Studios), and Brian Robbins (Paramount Footage and Nickelodeon).
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“We acknowledge how tough that is and are very grateful for everybody’s laborious work and contributions,” the CEOs wrote within the memo, per CNBC. “These modifications are essential to handle the setting we’re working in and finest place Paramount for achievement.”
In August 2024, Paramount introduced throughout its Q2 2024 earnings that it was shedding 15% of its U.S. workforce, round 2,000 workers.
In response to a regulatory submitting, Paramount’s workforce contains 18,600 full- and part-time world workers as of December 2024.
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