Back to today’s briefing

Story perspectives

Job Cuts Hit Recursion and Paramount Amid Industry Decline

6/12/2025

47 7

Summary

Story summary

Recursion Pharmaceuticals is reducing its workforce by 20%, resulting in $11 million in costs.
Paramount Global will cut 3.5% of its workforce amid falling cable TV subscriptions.
Both companies stress the need for non-unionized employees in Canada to understand severance rights.
Severance packages can offer up to 24 months’ pay, with a two-year period for negotiations.

1 of 1

Story summary

Recursion Pharmaceuticals is reducing its workforce by 20%, resulting in $11 million in costs.
Paramount Global will cut 3.5% of its workforce amid falling cable TV subscriptions.
Both companies stress the need for non-unionized employees in Canada to understand severance rights.
Severance packages can offer up to 24 months’ pay, with a two-year period for negotiations.