Paramount cuts 800 jobs, here's how CEO 'defended' job cuts in memo to employees

Paramount's layoffs reveal the struggle to adapt to the streaming era and the challenges of achieving profitability. The company, once a media giant built for the cable era, now faces revenue declines and multi-billion dollar streaming losses.

Paramount cuts 800 jobs, here's how CEO 'defended' job cuts in memo to employees
Paramount's layoffs reveal the struggle to adapt to the streaming era and the challenges of achieving profitability. The company, once a media giant built for the cable era, now faces revenue declines and multi-billion dollar streaming losses.