Paramount Global set to ax more employees after ‘unacceptable’ profit drop
The bosses of Paramount Global warned more layoffs are on the way as part of a $500 million cost cutting plan meant to curb a “simply unacceptable” decline in the media giant’s profitability. Some 500 employees learned of the grim plans — which also include revamping its Paramount+ streaming service and hiring bankers to sell … Read more