Paramount Global said Tuesday that the entertainment and media company is cutting 3.5% of its workforce, citing challenges in the broader U.S. economy and in the linear television business.

Paramount Global said Tuesday that the entertainment and media company is cutting 3.5% of its workforce, citing challenges in the broader U.S. economy and in the linear television business. It's ...

Last June the trio of CEOs presented a go-forward plan that had included job cuts and reduced spending. In August, Paramount began the process of reducing its U.S.-based workforce by 15%.

Paramount is set to cut 3.5% of its U.S. staff this week due to linear declines, according to a company-wide memo sent on Tuesday, TheWrap has learned. “As we navigate the continued industry ...

Paramount Global has initiated the next phase of its plan to lay off 15% of its U.S. workforce, saying the cuts will be 90% complete after today.

Paramount Global cut more jobs on Tuesday as part of a previously announced plan to reduce its U.S. workforce by 15%, or about 2,000 positions. The move is the second round of layoffs, and after ...

Paramount Global will cut $500 million in costs by the end of the year, and aims to have the bulk of them completed by the end of September, according to a memo from company management issued Tuesday.