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Michael Engleman Exits As CMO Of Paramount+ Domestic & Showtime Amid Consolidation & Looming Layoffs
Michael Engleman has stepped down As CMO Of Paramount+ Domestic & Showtime amid consolidation and pending layoffs.
Co-CEO George Cheeks revealed in June that $500 million in cost reductions have been identified as Paramount Global, carrying a $14 billion debt load, is looking to improve its balance sheet. As Deadline reported at the time, that means more layoffs for a company that has already been through considerable de-layering, restructuring and staffing cuts since the 2019 close of the Viacom-CBS merger. Later this month I will leave Paramount Global, bringing this incredibly fortunate – and might I add – wildly fun chapter of my career to a bittersweet close.
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