Paramount Global To Cut 15% Of U.S.-Based Workforce, Co-CEO Chris McCarthy Confirms

Paramount Global Co-CEO Chris McCarthy confirmed the long-expected layoffs hitting the company, saying the media company plans to cut its U.S.-based workforce by about 15%. Speaking on the company’s second-quarter earnings call, the exec said marketing and communications would be one of two areas to be targeted in the reductions. The other will be support […]