As the contraction of the entertainment industry continues, on Tuesday Paramount jumped into its second round of layoffs with the goal of reducing its staff by 15 percent across the board.
“In order to set Paramount up for continued success, we are taking these actions, and after today, 90% of these reductions will be complete,” Paramount co-CEOS George Cheeks, Chris McCarthy and Brian Robbins said in a memo sent to employees as reported by The Wrap.
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