Paramount to lay off staff, follows WBD in taking big charge on cable business

By / / Finance / 1 minute of reading




Paramount Global on Thursday said it would slash U.S. staff and booked billions in operating losses in the second quarter, as it tries to cut costs and recalibrate the worth of its cable business following a flight from traditional TV viewing habits and its merger deal with Skydance Media.



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Lisa Ferguson is an award-winning writer and editor who is passionate about politics, health, business, and finance. In her free time, Lisa loves to read nonfiction books and watch documentaries about current affairs. Her favorite subjects are health care policy, climate change, and social justice issues like immigration reform.

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