Overview

• Interim co-CEOs George Cheeks, Chris McCarthy and Brian Robbins announced the 3.5% US staff reduction, with some global roles potentially affected over time.
• Layoffs will concentrate on finance, legal, technology and other support functions to streamline corporate operations.
• Paramount cited continued linear viewership declines and a challenging macroeconomic environment as drivers for the cost cuts.
• The media group eliminated about 15% of its US workforce last year and reported roughly 18,600 employees worldwide at the end of 2024.
• Its $8.4 billion merger with Skydance Media remains pending and is stalled by a lawsuit filed by President Trump.