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Layoffs Coming At Paramount Global But No Details In Bob Bakish Memo On 2024 Strategy; CEO Acknowledges M&A Speculation
Paramount 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 s…
And we’ve been on our own journey as a company — to realize the full potential of One Paramount as we transition our business from linear to streaming, and continue fine-tuning how we window and monetize our content. Given our continued push to streaming profitability, this year we will lean even further into large markets like the US, UK, Canada, and Australia, where we have a strong multiplatform presence, our US studio content resonates best, and where there is the greatest revenue potential. That means continuing to collaborate across teams, time zones and functions on efforts like cross-promotion, innovative partnerships, data and insights and more, to make the most out of our assets and expertise.
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