⚔️🔴PARAMOUNT TO CUT 15% OF WORKFORCE🔴⚔️
Paramount is laying off 15% of its employees, with hundreds expected to be let go by the end of September.
The layoffs are part of a strategic plan to adapt to industry changes, with a $300-$400 million restructuring charge expected.
Paramount’s Q2 revenue dropped 11%, highlighting the need for these tough decisions.
