Paramount to cut 15 % of US workforce ...Middle East

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LOS ANGELES: Media conglomerate Paramount Global announced on Thursday that it will cut 15 per cent of its US-based workforce, or about 2,000 jobs, as part of a broader cost-cutting plan, reported Xinhua.The cuts will focus on two areas, including redundant functions in marketing and communications, and in finance, legal, technology and other support roles, said Chris McCarthy, co-chief executive officer of Paramount Global, during a second-quarter earnings conference call.“These actions will take place in the coming weeks and will largely be completed by the end of the year,“ he said, adding that “these are difficult decisions to make.”The second-quarter earnings report released on Thursday

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Last updated : 09 August 2024 clock 12:42 PM

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Paramount to cut 15 % of US workforce ...Middle East

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