Paramount slashes jobs as streaming wars intensify

Paramount Global is trimming its U.S. workforce by 3.5% in a move to cut costs.  The company’s plans to cut jobs were announced Tuesday by its three co-CEOs in a company-wide memo viewed by FOX Business.Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins said in the message that Paramount was "taking the hard, but necessary steps to further streamline our organization this week."     The effort to streamline Paramount’s organization will lead to 3.5% of the company’s U.S. employees losing their jobs, th ...