"We are phasing out roles that are no longer aligned with our evolving priorities and the new structure designed to strengthen our focus on growth." ...

Paramount will lay off about 10% of its workforce to align with “evolving priorities,” CEO David Ellison said in a reported internal memo to employees.

"This restructuring marks a pivotal step in shaping the path forward," co-chairs Dana Goldberg and Josh Greenstein say.

The new structure comes as the media giant is laying off 1,000 employees, with more cuts to come at a later date ...

Paramount began large scale layoffs Wednesday joining other major U.S. companies. The media conglomerate eliminated abut ...

David Ellison, whose Skydance bought the media conglomerate this summer for $8 billion, announces move “addressing redundancies.” ...

Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this ...

AP Business Writer — In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees. Paramount initiated roughly ...