Paramount Global To Lay Off 15% of US Workforce, Close TV Studio

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By BeauHDAug 14, 2024, 7:20 pm279 pts
Paramount Global will lay off 15% of its U.S. workforce, close Paramount Television Studios, and transfer its projects to CBS Studios as part of a massive restructuring plan. According to Reuters, the media company "aims to reduce annual costs by $500 million and return to profitable growth ahead of its merger…

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