Paramount to cut 3% of U.S. workforce as it deepens cost-cutting
1. Paramount Global is cutting its U.S. staff by 3.5%. 2. Layoffs respond to declining pay-TV and macroeconomic challenges. 3. Merger with Skydance Media is pending regulatory approval. 4. Recent cuts follow a previous 15% workforce reduction. 5. Other media companies like Disney are also implementing layoffs.