"Paramount Cuts 800 Jobs Amid Record Super Bowl Ratings"
TL;DR
Paramount Global, the owner of CBS, is reportedly laying off hundreds of employees in a move to reduce costs and grow revenue, with estimates suggesting the number could approach 800 jobs. This comes after record-breaking advertising and sales during Super Bowl LVIII. The media industry has seen a series of layoffs in 2024, including The Messenger, LA Times, Sports Illustrated, NBC, YouTube, The Wall Street Journal, and Business Insider.
- Paramount layoffs eliminate 800 jobs after Super Bowl boon: Reports USA TODAY
- Paramount lays off 800 workers in cost-cutting bid: 'This is the right decision' Yahoo Finance
- Bloodbath at Paramount claims 800 jobs including CBS News journalists embroiled in controversy New York Post
- Paramount Global Laying Off 800 Employees as CEO Bakish Cites Need to Cut Costs Variety
- Paramount Global lays off about 800 employees, a day after announcing record Super Bowl ratings CNBC
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