Media Giant Paramount Global, Which Owns CBS News, To Cut 800 Jobs ...Middle East

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Media Giant Paramount Global, Which Owns CBS News, To Cut 800 Jobs
Paramount CEO Bob Bakish announced the move in an internal memo. (Representational) American media conglomerate Paramount Global, which owns CBS News, is set to lay off about 800 employees, roughly 3 per cent of its workforce. The move comes just two days after CBS’s Super Bowl LVIII became the most-watched TV programme in history, The Guardian reported. Paramount CEO Bob Bakish announced the move in an internal memo on Tuesday. The announcement came hours after CBS revealed its broadcast of the annual league championship between the Kansas City Chiefs and San Francisco 49ers averaged 123.4 million viewers across all platforms on Sunday. In the internal memo, obtained by The G

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