Paramount Announces 3.5% Workforce Reduction Amid Strategic Restructuring

June 11, 2025 – New York Paramount Global has announced plans to reduce its U.S. workforce by approximately 3.5% as part of a broader strategic restructuring initiative. The move comes as the media and entertainment giant seeks to streamline operations and adapt to ongoing shifts in the industry landscape. The company did not disclose the exact number of employees affected, but the layoffs are expected to span multiple departments. In a statement, Paramount said the decision was made to improve operational efficiency and position the company for long-term growth amid intensifying competition in the streaming and content production space. “This restructuring is a difficult but necessary step to align our resources with our strategic priorities,” a spokesperson for Paramount said. “We remain committed to delivering premium content while optimizing our business for future challenges.” The entertainment industry has faced mounting pressure in recent years due to declining traditional TV viewership, rising content costs, and changing consumer habits. Paramount’s move reflects a broader trend among media companies reevaluating their workforce and content strategies to stay competitive. The company added that it will provide support and transition resources to impacted employees.

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