Earlier this week, the news came down that Paramount Global co-CEOs George Cheeks, Chris McCarthy, and Brian Robbins would begin cutting 15% of the company's global workforce in an effort to eliminate approximately $500 million in costs by the end of the year.
Earlier this week, the news came down that Paramount Global co-CEOs George Cheeks, Chris McCarthy, and Brian Robbins would begin cutting 15% of the company's global workforce in an effort to eliminate approximately $500 million in costs by the end of the year.
Image: Paramount Global; Prime Video 'This has been a challenging and transformative time for the entire industry, and sadly, our studio is not immune,' shared Nicole Clemens in their memo – adding that the studio 'has weathered seemingly insurmountable obstacles through a combination of strength, determination, and unwavering commitment' over the past 11 years.
Paramount Global Paramount Television Studios The Offer Time Bandits
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paramount Global starts cutting 2K jobs ahead of Skydance mergerA memo written by Paramount’s three co-chief executive officers was circulated to staffers on Tuesday, according to a report by Bloomberg News.
Read more »
Cartoon Network website goes dark amid Warner Bros. Discovery cost-cutting movesToday's Business Headlines: 8/9/24
Read more »
CVS cuts outlook, plans $2B cost-cutting effortCVS said Wednesday that it's launching a multi-year productivity initiative. It also cut its outlook for the year as its health care benefits segment continues to face pressure.
Read more »
VW Cost Cutting Pleases Investors, But Outlook Clouded By CO2, ChinaAs a former European Automotive correspondent for Reuters, I’ve a spent a few years writing about the industry. I will penetrate the corporate hype and bluster and find out how these gigantic enterprises are really doing. I also love to drive their magnificent machines, and their more modest ones. I’ll be telling you if the technology works, too.
Read more »
Intel will cut over 15,000 jobs in a sweeping cost-cutting effortAnna has been a freelance writer for more than a decade. In that time, she's covered everything from electronics to esports, from marketing to magic. Her tech and entertainment reporting has appeared on Ars Technica, Mashable, Digital Trends, and more. She especially loves playing, making, and geeking out over video games.
Read more »
Intel to cut at least 15% of workforce as part of $10 billion in cost-cuttingIntel announced it is laying off more than 15% of its workforce after a disappointing earnings report.'Our costs are too high, our margins are too low,'Intel C
Read more »