Paramount Global's Co-CEOs have announced significant cost-cutting measures, including hiring bankers to evaluate asset sales and identifying areas for job cuts. The company aims to cut $500 million in costs following an 'unacceptable' drop in profits. During a town hall meeting, the executives revealed bankers hired, discussed the path forward, and addressed the ongoing 'noise' around potential mergers.
Paramount's Office of the CEO Tells Staff That 'Noise' Around Merger Is Unlikely to Disappear https://t.co/KfsicTNjln
Paramount Global Co-CEOs Have Hired Bankers to Evaluate Asset Sales, Tell Employees They’ve Identified Areas for Job Cuts https://t.co/hDELXEztHI via @variety
Paramount Chiefs to Staff: We're Cutting $500M In Costs After "Unacceptable" Profit Drops https://t.co/ovidwm6GQn
Paramount Global Co-CEOs Have Hired Bankers to Evaluate Asset Sales, Tell Employees They've Identified Areas for Job Cuts https://t.co/3wbaqjaJ54
Paramount Global Co-CEOs Reveal Bankers Hired To Sell Assets; Discuss Path Forward At Town Hall https://t.co/J9GY80C4l7
X CEO Cuts Top Exec Amid Pressure to Boost Revenue - https://t.co/oO1nt3PJ9t https://t.co/rhnclYupVB