VARIETY: Paramount Global Co-CEOs Have Hired Bankers to Evaluate Asset Sales, Tell Employees They’ve Identified Areas for Job Cuts

In their prepared remarks, however, the execs did not discuss timing of when mass layoffs might hit across the company or how large the cutbacks will be. During the Q&A portion of the town hall, the co-CEOs were asked if they had a timeline for job cuts but they didn’t provide one. As the trio of execs previously disclosed, Cheeks said the Paramount leaders are “looking at selling certain Paramount-owned assets” and said, “in fact, we’ve already hired bankers to assist us in this process … READ MORE @ VARIETY
In recent months, Paramount has discussed merging Paramount+ with NBCUniversal’s Peacock in some way. The two companies are already joint-venture partners in the European streaming service SkyShowtime.

Author: Jason Remington

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