Paramount Global (PARA) to layoff around 800 employees
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/26/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Fox Factory sells Marucci Sports for $225M, cuts debt
Paramount Global to lay off about 800 employees - source
February 13, 2024 9:12 AM ESTBy Samrhitha A and Jaspreet Singh
(Reuters) -Paramount Global is laying off about 800 employees or roughly 3% of its workforce, a person familiar with the matter said on Tuesday, as the media company looks to cut costs and return to earnings growth this year.
The affected workers who are based in the United States will be notified Tuesday, CEO Bob Bakish said in a memo to employees seen by Reuters, adding that the layoffs will also impact some of its employees in offices outside the U.S.
... MoreParamount Global (PARA) to Cut 800 Jobs - Reports
February 13, 2024 9:03 AM ESTParamount Global (NASDAQ: PARA) to Cut 800 Jobs - Reports
Reports from Bloomberg, WSJ Citing Memo... More
