Paramount Global Previously Announced Workforce Reduction Of 15% Will Take Place In 3 Phases, Starting Today And Continuing Through End Of Year; Expects 90% Of Workforce Reduction Actions To Be Complete By End Of September
Portfolio Pulse from Benzinga Newsdesk
Paramount Global has announced a 15% workforce reduction to be executed in three phases, starting today and continuing through the end of the year.
August 13, 2024 | 2:13 pm
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Paramount Global has announced a 15% workforce reduction to be executed in three phases, starting today and continuing through the end of the year.
The workforce reduction is likely aimed at cost-cutting and improving profitability, which could be viewed positively by investors in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100