The tech industry’s layoffs and hiring freezes: all of the news
See all Stories
E
Paramount is cutting 800 jobs as it looks to “grow revenue, while reducing costs.”
After rumors about layoffs emerged last month, Paramount CEO Bob Bakish announced that the company is laying off around 3 percent of staff. In a memo obtained by Deadline, Bakish tells employees the Super Bowl was a “blockbuster event” that “showcased the full power of Paramount.”
Despite this, the future of Paramount remains unclear, as Deadline reports that media companies and private equity firms are looking into acquiring “some or all” of the entertainment giant. CNBC reported last year that Warner Bros. Discovery was in talks to merge with Paramount.
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Loading comments
Getting the conversation ready...
Most Popular
Most Popular
- Midjourney goes from generating cat images to full-body ultrasound scans
- Apple’s weird anti-nausea dots cured my car sickness
- Tim Cook says RAM expenses are ‘unsustainable’ and Apple is going to raise prices
- This Ghost in the Shell keyboard makes me want to activate the hundred spidery robot fingers inside my regular fingers
- Can anyone look cool wearing Snap’s $2,000 glasses?
