Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, ...

On Thursday morning, David Ellison will clock in for his first day at work as a media mogul. That's when Ellison's Skydance ...

Paramount said in August that it would cut 15% of its U.S. workforce — layoffs that were estimated to affect about 2,000 employees — coming ahead of its planned merger with Skydance Media.

Paramount Global on Thursday reported it took a $6-billion write-down on its cable television networks business, in yet another sign that Hollywood is reckoning with the ongoing deterioration of ...

The bosses of Paramount Global warned more layoffs are on the way as part of a $500 million cost cutting plan meant to curb a “simply unacceptable” decline in the media giant’s profitability.

Paramount Global is sharpening the ax for a massive wave of staff reductions that could whack as many as 800 jobs, according to a new report. The debt-laden entertainment giant, which has been put … ...

Today’s layoffs represent about 3% of Paramount’s global head count. At the start of 2023, Paramount had 24,500 full- and part-time employees in 37 countries, with another 5,800 project-based ...

Paramount Global has initiated the next phase of its plan to lay off 15% of its U.S. workforce, saying the cuts will be 90% complete after today.

Today’s layoffs represent about 3% of Paramount’s global head count. At the start of 2023, Paramount had 24,500 full- and part-time employees in 37 countries, with another 5,800 project-based ...

Paramount is laying off 15% of its staff, or about 2,000 people, in a major cost-cutting move aimed at finding $500 million in annual savings.

Paramount Global has begun the second phase of its planned layoffs in the United States as the media giant pushes toward increasing profitability, according to an internal memo seen by Reuters.

Paramount Global will cut approximately 15% of its U.S.-based workforce in upcoming layoffs, co-CEO Chris McCarthy disclosed in an earnings call on Thursday.