Company: Paramount Global
Source: Los Angeles Times
Paramount sheds another 1,600 workers as David Ellison team digs in
Summary: Paramount disclosed an additional reduction of 1,600 workers tied to divesting TV stations in Chile and Argentina, part of a broader plan targeting a 15 percent workforce cut and 3 billion dollars in cost savings. The company still plans to boost content spending and raise Paramount+ prices as it pursues profitability.
City: Los Angeles
State: California
https://web.archive.org/web/20251111211048/https://www.latimes.com/entertainment-arts/business/story/2025-11-10/paramount-more-layoffs-david-ellison