Back to today’s briefing

Story perspectives

Paramount Global Cuts Workforce Amid Ongoing Industry Struggles

6/10/2025

25 5

Summary

Story summary

Paramount Global is making tough decisions, slashing 3.5% of its U.S. workforce after a significant 15% cut last year. Co-CEOs attribute these layoffs to ongoing industry declines and economic hurdles. With 18,600 employees worldwide, the company is also in a critical wait for FCC approval on its merger with Skydance Media, as CFO Naveen Chopra departs for Roblox.

1 of 1

Story summary

Paramount Global is making tough decisions, slashing 3.5% of its U.S. workforce after a significant 15% cut last year. Co-CEOs attribute these layoffs to ongoing industry declines and economic hurdles. With 18,600 employees worldwide, the company is also in a critical wait for FCC approval on its merger with Skydance Media, as CFO Naveen Chopra departs for Roblox.