CBS News quietly trims staff ahead of expected mass layoffs at struggling parent company Paramount Global: sources
1. CBS News cuts three high-level positions amid upcoming layoffs at Paramount Global. 2. Paramount faces a major job cut plan following a $500 million cost reduction. 3. Negotiations for a $20 billion lawsuit settlement with Trump are ongoing. 4. Skydance merger approval hurdles could further complicate Paramount's financial outlook. 5. CBS News ratings have plummeted, exacerbating financial pressures on Paramount Global.