13
Aug
Paramount is laying off 15 percent of its US workforce, . This follows a in which total revenue fell short from an expected $7.21 billion to $6.81 billion. The layoffs will impact around 3,000 people.“The industry continues to evolve, and Paramount is at an inflection point where changes must be made to strengthen our business,” company CEOs wrote in a staff memo.Paramount representatives say these cuts will happen in three stages, with layoffs beginning today and 90 percent of all cuts being completed by the end of September. The layoffs will primarily impact employees involved in marketing and communications, though…