Paramount studios in Los Angeles on April 29, 2024.
Eric Thayer | Bloomberg | Getty images
Overall The reduction of its staff based in the United States by 3.5%, or several hundred employees, in the last cycle of dismissals of the media company, as it is faced with the decline in the traditional paid television bundle and macroeconomic opposite.
The company informed its staff of imminent layoffs on Tuesday morning, according to a memo seen by CNBC. The memo, which came from the CEO office – George Cheeks, Chris McCarthy and Brian Robbins – said that the majority of the staff affected will be informed on Tuesday.
The layoffs also came because Paramount was requesting the regulatory approval of its proposed merger with Skydance Media, which was retained by a legal battle between CBS belonging to Paramount and the Trump administration on a “60-minute” interview with former vice-president Kamala Harris.
Last June, the CEO trio presented a plan forward which had included job cuts and a reduction in expenses. In August, Paramount began the process of reducing its American workforce by 15%.
In Tuesday's memo, CEOs said the process could also lead to workforce out of the United States over time.
“We recognize how difficult it is and are very grateful for everyone's hard work.
The layoffs have taken place in the media industry in recent weeks, with reported discounts Disney And Discovery Warner Bros.
Paramount employed around 18,600 full -time and part -time employees worldwide in December, before recent cuts, according to the regulatory file.