Hollywood Giant Paramount Announces 2,000 Job Cuts Amid Declining Cable TV Ratings, But Streaming Business Remains Profitable

Hollywood Giant Paramount Announces 2,000 Job Cuts Amid Declining Cable TV Ratings, But Streaming Business Remains Profitable

Hollywood Giant Paramount Announces 2,000 Job Cuts Amid Declining Cable TV Ratings, But Streaming Business Remains ProfitableFacing the stark reality of declining cable TV viewership, Hollywood entertainment giant Paramount Global announced a major layoff plan, cutting approximately 2,000 jobs across its US operations. This move aims to reduce operating costs and prepare for its upcoming merger with independent film studio Skydance Media...