Some 500 employees learned of the grim plans — which also include revamping its Paramount+ streaming service and hiring bankers to sell off unspecified assets — at a Tuesday all-hands meeting with the company’s three co-CEOs Brian Robbins, Chris McCarthy and George Cheeks.earlier this month between media heiress Shari Redstone, Paramount’s controlling shareholder, and Skydance Media, a producer of the “Mission: Impossible” franchise.
“Let me be clear: a 61% decline in profits is simply unacceptable,” McCarthy said. “We need to act now to reverse this trend.”Kevin Costner officially rules out ‘Yellowstone’ return: ‘I’ll see you at the movies’ The co-CEOs did not provide numbers on the looming layoffs and told an attendee they were not prepared to give a timeline for job cuts during the Q&A session,
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