Paramount slashes jobs as streaming wars intensify
1. Paramount Global is cutting 3.5% of its U.S. workforce to reduce costs. 2. Job cuts aim to streamline the organization amid economic challenges. 3. Approximately 18,600 employees were with Paramount globally at year-end 2024. 4. Last year, Paramount cut about 15% of its U.S. workforce. 5. The company focuses on investments in its streaming business.