Layoffs Coming At Paramount Global But No Details In Bob Bakish Memo On 2024 Strategy; CEO Acknowledges M&A Speculation
deadline.comParamount Global CEO Bob Bakish said today the company will continue to reduce its global workforce “to operate as a leaner company and spend less.” But there were no further details in a memo to staff obtained by Deadline following a “Bob Live” town hall today.
The company has three main strategic goals going forward – maximizing content, driving streaming profitability, and “further unlocking the power of ONE PARAMOUNT.” “As it has over the past few years, this does mean we will continue to reduce our workforce globally.
These decisions are never easy, but are essential on our path to earnings growth.” Deadline reported last weekend that cuts at Paramount were set to impact hundreds of employees across the company.
The WSJ in Dec. had pegged the layoffs at about 1,000, leading to a pretty brutal period of waiting for staffers will be ongoing.
Read more on deadline.com
