10/6/2025, 9:37:02 pm

Paramount Global to cut 3.5% of US workforce

Paramount Global is cutting several hundred jobs, about 3.5% of its U.S. workforce, due to the cable-TV industry decline and economic challenges. This follows a 15% reduction last year. The layoffs aim to position the company for success amid ongoing struggles, according to co-CEOs George Cheeks, Chris McCarthy, and Brian Robbins.