Paramount Starts Cutting 15 Percent of US Workforce

Paramount Global is pressing ahead with its much-anticipated workforce reduction plan, with a company spokesperson confirming to The Epoch Times that the company has started laying off its U.S. staff. The cuts will take place in three phases starting on Aug. 13 and running through the end of the year, with the spokesperson saying that when the reductions are completed, 15 percent of Paramount’s U.S.-based workers will lose their jobs. Three members of Paramount’s Office of the CEO—George Cheeks, Chris McCarthy, and Brian Robbins—wrote in an Aug. 13 memo to employees, which was viewed by The Epoch Times, that they expect 90 percent of the cuts to be completed by the end of September....