Paramount Layoffs 2024: What to Know About the Latest PARA Job Cuts

Paramount (NASDAQ:PARA) layoffs are in the news Tuesday after the entertainment company announced plans to cut jobs if its merger with a consortium of Skydance Media, RedBird Capital and KKR (NYSE:KKR) doesn't go through. Paramount is looking to cut its operating costs if this planned merger doesn't come to fruition. This would see it focus on laying off employees while also increasing content and franchises. This would have the Paramount layoffs focus on a few areas. That includes "duplicative teams and fu ...