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Paramount cuts hundreds of roles in the US.
The layoffs on Tuesday impact around 3.5 percent of Paramount’s global workforce, with the company having laid off around 2,000 US employees last year. In an internal memo seen by Deadline, Paramount execs said the cuts were driven by linear TV declines and broader economic concerns as the company focuses its efforts on streaming.
“These changes are necessary to address the environment we are operating in and best position Paramount for success.”
Paramount Cutting Another 3.5% Of Its Domestic Workforce
[deadline.com]
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