Paramount Global lays off about 800 employees, a day after announcing record Super Bowl ratings
Publishing timestamp: 2024-02-13 10:20:35
Summary
Paramount Global is laying off about 800 employees, or roughly 3% of its workforce, just one day after announcing record Super Bowl viewership. The layoffs are part of the company's efforts to operate as a leaner company and spend less. Paramount Global owns various assets including CBS, Paramount Pictures, Pluto TV, Paramount+, and cable networks. The company is also considering merger and acquisition options.
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Keywords: technology, business news, paramount global, breaking news: business, media, nfl super bowl, layoffs,
Source: https://www.cnbc.com/2024/02/13/paramount-global-lays-off-about-800-employees-after-super-bowl.html