Paramount Global set to ax more employees after ‘unacceptable' profit drop

The news comes on the heels of collapsed merger talks earlier this month between media heiress Shari Redstone, Paramount's controlling shareholder, and Skydance Media, a producer of the "Mission: Impossible" franchise. Paramount Global's co-CEOs Chris McCarthy (from left) George Cheeks and Brian Robbins pose with Shari Redstone. WireImage The co-CEOs did not provide numbers on the looming layoffs and told an attendee they were not prepared to give a timeline for job cuts during the Q&A session, according to ...