Paramount to cut 3% of U.S. workforce
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For them, picking up work at Home Depot is their only source of income, and some work as little as one day a week. While Valencia and other day laborers sought wages, other community members in Paramount and Compton,
"These changes are necessary to address the environment we are operating in and best position Paramount for success," its co-CEOs say.
Our progress is clear, and the results are meaningful.” Nevertheless, “several hundred” Paramount employees are now out of a job. More or less quarterly layoffs are an industry-wide trend; despite seemingly having a successful year,
Paramount Global chief financial officer Naveen Chopra is exiting his post at the media company to join gaming platform company Roblox as CFO.
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As studios continue to downsize, Paramount Global is the latest to announce layoffs. The company said Tuesday that it would be laying off 3.5% of its domestic staff.
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EXCLUSIVE: In a move that blindsided many staffers, Paramount has fired its longtime media agency of record in a cost-saving move as its merger with Skydance Media continues to gestate. WPP Media, formerly known as GroupM before a recent rebrand,
Paramount Global is looking to sublease 355,000 square feet across two properties in Midtown Manhattan, two people familiar with the matter told the New York Business Journal. The office downsizing comes as the media company reduces its staff by 3.