Paramount is laying off 3.5% of its US workforce. Its leaders sent a memo to workers describing the rationale for the cuts.

The $8 billion deal, which remains stuck in regulatory limbo, is poised to trigger its second 90-day extension next week.

Paramount Global said Tuesday that the entertainment and media company is cutting 3.5% of its workforce, citing challenges in the broader U.S. economy and in the linear television business.

Our progress is clear, and the results are meaningful.” Nevertheless, “several hundred” Paramount employees are now out of a job. More or less quarterly layoffs are an industry-wide trend; despite ...

Discover why South Park Season 27 has faced repeated delays, the impact of the Paramount-Skydance merger, and what's next for the iconic animated series.

With a $16 million settlement, the media company just struck a deal with Trump that showed how easily the First Amendment can ...

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.

Paramount Global said it’s cutting 3.5% of its workforce, citing challenges in the broader economy and in the linear television business. It’s the latest round of layoffs at the media giant ...