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Paramount Global starts cutting 2K jobs ahead of Skydance merger

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A memo written by Paramount’s three co-chief executive officers was circulated to staffers on Tuesday, according to a report by Bloomberg News.

Paramount Global began a massive culling Tuesday that aims to whack 2,000 jobs as the struggling entertainment giant readies to complete a

“We know that having to part ways with teammates whose contributions have been instrumental to our success is incredibly hard,” they added. Generic version of Mucinex sold at CVS, Walmart, Target and Walgreens contains cancer-causing chemical: report Chris McCarthy, who heads Showtime/MTV Entertainment Studios and Paramount Media Networks, said the job cuts will be primarily in marketing and communications departments at the company with some “right-sizing” in other areas including legal, finance and other corporate functions.The network announced a major overhaul to the nightly news show’s format.

 

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Paramount begins major layoffs ahead of Skydance mergerParamount is laying off 15% of its staff, or about 2,000 people, in a major cost-cutting aimed at finding $500 million in annual cost savings.
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