Paramount Global Says Will Begin Process Of Saying Goodbye To Some Of Our Colleagues Across Paramount; Will Be Notifying Impacted Employees Who Are Based In U.S. By Close Of Business Today; There Will Also Be Impacts In Some Of Our Offices Based Outside U.S.
Portfolio Pulse from Benzinga Newsdesk
Paramount Global announced it will start the process of laying off employees across the company, including those based in the U.S. by the end of the business day. The layoffs will also affect some of its international offices.
February 13, 2024 | 2:59 pm
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Paramount Global is initiating layoffs across the company, impacting U.S. based employees by the end of today and also affecting international offices.
The announcement of layoffs typically leads to a negative perception among investors, as it may indicate underlying financial or operational issues within the company. This can result in a decrease in stock price in the short term due to concerns over the company's future profitability and growth prospects.
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