Paramount’s cost-cutting plan, especially the layoffs, aims to create $500 million in annual savings in the near term — and that’s “just the beginning,” Cheeks said.

The announcement comes as one of Paramount’s subsidiaries, CBS, had a record-breaking weekend. Sunday marked the most-watched Super Bowl ever as 123.4 million people tuned in to see the Kansas ...

Paramount Global, the owner of ... Paramount Global to lay off 800 employees after record Super Bowl ad ... The announcement follows a January 25 memo in which Bakish warned that Paramount Global ...

In a Thursday memo to employees, Paramount CEO Bob Bakish noted challenges the company is facing, such as a soft ad market, a volatile economy, and strikes by writers and actors that delayed ...

Days after CBS' Super Bowl LVII broke viewership records, its partner company Paramount Global said it was laying off 800 employees as it seeks to cut costs and streamline its operations.

According to Deadline, which first reported that layoffs were on the horizon in January, all of Paramount’s divisions were hit by Tuesday’s announcement. CBS News let go 20 staffers, including ...

Co-CEOs George Cheeks, Brian Robbins and Chris McCarthy tell staff that after Tuesday, 90 percent of the company's layoffs will be complete. By Alex Weprin Senior Editor Paramount is implementing ...

Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced it would cut 15% of jobs on Thursday, even as the company's streaming business reported its first ...

Paramount Global announced layoffs, as the company tries to cut costs while it faces acquisition interest. Skip to content. Main Navigation. Search. Search for: Weather Local NBC NY 24/7 ...

Paramount president/CEO Bob Bakish made the announcement Nov. 9 in a memo to staffers. The shift means that VH1 is no longer a sister network to MTV, which it has been since the channel’s launch ...

Paramount Global, the owner of CBS ... While Bakish did not specify the number of layoffs, ... The announcement follows a January 25 memo in which Bakish warned that Paramount Global would "reduce ...

Jan. 25 (UPI) --Paramount Global CEO Bob Bakish said the company is planning substantial layoffs in a bid to "operate as a leaner company and spend less." Bakish made the announcement in an ...