Paramount Global Is Laying Off 469 Employees, Warn Notice Shows
Portfolio Pulse from Benzinga Newsdesk
Paramount Global is laying off 469 employees, as indicated by a WARN notice. This move is part of the company's ongoing efforts to streamline operations and reduce costs.
September 24, 2024 | 6:13 pm
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Paramount Global is laying off 469 employees, reflecting its strategy to streamline operations and cut costs. This could lead to short-term cost savings but may also impact employee morale and productivity.
The layoffs are a direct action by Paramount Global to reduce costs, which could improve short-term financials. However, the impact on stock price is uncertain as it may also affect employee morale and productivity.
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