Paramount Group Inc. (PGRE)

Paramount Global is cutting 3.5% of its U.S. workforce as customers switch away from traditional pay-TV bundles in today's shifting media landscape and uncertain economy.

Paramount Global is slashing its U.S. workforce by 3.5% as it takes "hard, but necessary steps to further streamline" the company, according to a memo obtained by FOX Business.

The move follows a 15% reduction last year as part of a $500 million cost cutting plan. The company ended 2024 with 18,600 employees worldwide.

Paramount Global (NASDAQ:PARA) said on Tuesday it will reduce its US workforce by approximately 3.5%, cutting several hundred jobs as the media giant continues to adjust to ongoing disruptions in the ...

Paramount is cutting 3.5% of its US workforce amid linear TV declines. The layoffs follow similar moves by Disney and Warner Bros.

Paramount Global is laying off 3.5% of its U.S. staff in the latest round of job cuts as the company grapples with a decline in cable TV subscribers, according to an internal memo seen by Reuters.

Paramount Global told employees it would be reducing its workforce by 3.5% and that the majority of the impacted staff would be alerted on Tuesday. It's the latest round of layoffs at the media compan...

Paramount Global said its chief financial officer Naveen Chopra is departing “to pursue other opportunities” as the company still awaits FCC approval for the merger with Skydance it announced almost a...

Paramount Global's chief financial officer Naveen Chopra stepped down from his role on Monday to join video gaming company Roblox as its finance head.

Paramount Global chair Shari Redstone was diagnosed with thyroid cancer earlier this spring, a spokesperson for Redstone said in a statement to Reuters on Thursday.