Get the latest gossip
Paramount Global Layoffs Begin; CEO Bob Bakish Tells 800 Departing Employees, “Your Talents Have Helped Us Advance Our Mission”
Paramount Global has begun a planned round of layoffs, with an estimated 800 U.S.-based employees affected.
Reports continue to swirl about the future of Paramount as a stand-alone entity, with a number of suitors expressing interest in acquiring some or all of the company. Formed by the merger of CBS and Viacom and controlled by Shari Redstone’s National Amusements, Paramount has drawn interest from Byron Allen and David Ellison’s Skydance Media, along with numerous private equity firms. Deadline reported Monday that Apollo Global Management has stepped back after initially surfacing as a candidate for National Amusements and its controlling stake in Par’s voting shares.
Or read this on Deadline
