Overview

• Paramount Global is eliminating roughly 650 U.S. positions, amounting to 3.5% of its domestic workforce.
• This follows a 15% reduction last year that was part of broader cost-cutting efforts.
• Paramount is focusing capital on its Paramount+ streaming service as cable and broadcast revenue continues to fall.
• Its proposed $8.4 billion merger with Skydance Media remains under FCC review, delayed by President Trump’s lawsuit against CBS News.
• Chief Financial Officer Naveen Chopra will leave June 30 to join Roblox, marking another executive departure during the restructuring.