Paramount Global will cut $500 million in costs by the end of the year, and aims to have the bulk of them completed by the end of September, according to a memo from company management issued Tuesday.

who controls National Amusements and its 77% voting shares in Paramount Global. July 2, 2024 Paramount employees have been reeling due to corporate uncertainty throughout the year. As the sale ...

President Nicole Clemens said in an email to employees. George Cheeks, Paramount Global's co-CEO, said the move to close down the studio by the end of the week is the result of major shifts in the ...

The company announced it would be cutting 15 percent of its global workforce ahead of merger with Skydance. Paramount Television Studios, which has produced shows like “Reacher” on Amazon ...

Paramount Global (PARA) announced in a memo to staff ... According to a separate internal memo from the company's CEO trio, the layoffs kicked off on Tuesday and will continue in three phases ...

By Rick Porter Television Writer “As you’re all aware, Paramount Global has made the difficult decision to close Paramount Television Studios as part of the company’s broader restructuring ...

Paramount Global will cut approximately 15% of its U.S.-based workforce in upcoming layoffs, co-CEO Chris McCarthy disclosed in an earnings call on Thursday. Skydance Media and RedBird Capital ...

Wednesday, June 12th marked Paramount's 28th annual Community Day. Paramount is thrilled to share that this year’s global ...

LOS ANGELES — Paramount Global launched a deep round of staff ... On Tuesday, the leaders said affected employees would be notified in three phases “starting today and continuing through ...