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Paramount Disputes Claim by Laid-Off Staffer Who Alleged in Lawsuit That Company Failed to Provide Legally Required Advance Notice
A laid-off Paramount Global sued the company, alleging it didn't provide required advance notice of the layoffs. Paramount disputed the claims.
A former Paramount Global employee who was laid off in the company’s round of cuts last week alleged in a lawsuit that he wasn’t provided legally required advance notice of the layoffs. Hagins and more than 300 other employees “who worked at and/or reported to” Paramount’s headquarters at 1515 Broadway in Manhattan were provided written notification on Sept. 24 of their termination effective Sept. 30, according to the lawsuit. Jeff Shell, set to become president of the combined company, has said Skydance, working with consulting firm Bain & Co., is aiming to achieve at least$2 billion in annualized cost synergies at Paramount.
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