Paramount Global is set to lay off 800 workers as part of a restructuring effort amid cost pressures and ongoing take-private talks. CEO Bob Bakish emphasized the importance of 'execution' and 'earnings growth' as priorities for the company in 2024. The layoffs come as Paramount aims to operate as a leaner organization and reduce spending. Bakish has acknowledged the market speculation regarding mergers and acquisitions but has not provided specific details on the strategy or the potential deals.
Paramount CEO Bob Bakish warns global layoffs are coming as takeover talks swirl https://t.co/qzGHvTkd2u https://t.co/m00VRdeksR
⚠️ PARAMOUNT CEO ANNOUNCES LAYOFFS AS COST PRESSURES, TAKE-PRIVATE TALKS BUILD - CNBC (Reuters) Paramount Global CEO Bob Bakish has announced layoffs at the media firm, as it needs to "operate as a leaner company and spend less," CNBC reported on Thursday citing a memo.....… https://t.co/P4gWt0hQQy
Paramount has announced an unclear number of layoffs, citing a need to “operate as a leaner company and spend less," per CNBC.
$PARA Paramount CEO Announces Layoffs As Cost Pressures, Take-Private Talks Build - CNBC https://t.co/UxKE6aza5d
BREAKING: Paramount CEO announces layoffs as cost pressures, take-private talks build - CNBC
Layoffs Coming At Paramount Global But No Details In Bob Bakish Memo On 2024 Strategy; CEO Acknowledges M&A Speculation https://t.co/PGzqIO2Ws7
Paramount CEO announces layoffs as cost pressures, take-private talks build https://t.co/Kz11exIntC
It’s a deluge. Paramount Global CEO Bob Bakish just sent out a memo to employees warning job cuts are coming. Story here: https://t.co/nMYlklkAV7
Paramount CEO Urges "Execution" Focus Amid Deal Chatter, Makes "Earnings Growth" Priority for 2024 https://t.co/WvHRupKf3z
Paramount Global to cut 800 workers as parent company fields deal offers: report https://t.co/6VUAL58nfo