Paramount is laying off 3.5% of its US workers. Read the memo its leadership sent to staff.

Paramount is laying off 3.5% of its US workforce as it deals with ongoing declines in its linear TV arm. This is the second layoff in a year after a 15% reduction in 2024. Paramount is the latest old-media company, after Disney and Warner Bros. Discovery, to cut jobs in recent days as they adjust staffing to align with their declining legacy TV business. Paramount employed 18,600 worldwide as of the end of 2024.The industry is in the midst of a broad reordering, prompted by the shift of audiences from lega ...