Wed Sep 25 04:40:56 UTC 2024: ## Paramount Global Cuts 15% of US Workforce, Laying Off 66 in New York

**New York, NY** – Paramount Global, the media giant, is moving forward with plans to cut 15% of its US workforce, impacting 66 employees in New York City. The layoffs, detailed in a WARN notice filed with the New York Department of Labor, will occur in three phases, starting on December 6th and culminating on December 16th.

The majority of the layoffs, affecting 64 employees, will take place at the company’s headquarters in New York City. These employees were notified on September 17th. According to the WARN notice, a total of 819 employees across the company are affected, representing approximately 10% of the total workforce.

This news follows recent deep layoffs within Paramount+’s communication team, including senior vice presidents Morgan Seal and Amanda Cary, and members of the streamer’s content strategy team.

Paramount’s co-CEOs, Brian Robbins, George Cheeks, and Chris McCarthy, addressed the layoffs in a memo to staff, stating that the company is “working to accelerate streaming profitability while adjusting to the evolving landscape in our traditional businesses.” They emphasized that these actions are necessary to “set Paramount up for continued success.”

While Paramount representatives have not yet responded to requests for further details, the company’s actions reflect a broader trend within the media industry, as companies grapple with evolving consumption patterns and strive to remain profitable in a changing market.

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