Paramount Global will begin laying off 15% of its U.S. workforce starting Tuesday, affecting around 2,000 employees. This move is part of a plan to cut annual costs by $500 million and drive profitable growth ahead of its merger with Skydance Media. The job cuts, announced last week, will continue through 2024, with 90% expected to be completed by September. The restructuring follows a significant write-down of its cable networks and comes amid challenges in the linear TV market. Read The Rest at :
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