Paramount Global bloodbath continues with ‘phase two' of planned 2K job cuts

The bloodbath at Paramount Global continued Tuesday as the struggling media giant kicked off a second round of layoffs in its previously announced plans to cut 2,000 jobs. Paramount's co-CEOs George Cheeks, Chris McCarthy and Brian Robbins revealed in a memo that "90% of these reductions will be complete" by the end of Tuesday. "Like the entire media industry, we are working to accelerate streaming profitability while at the same time adjusting to the evolving landscape in our traditional businesses," the C ...