I hear the cuts will impact hundreds of employees across the entire company.
For the past several days, there has been chatter that Paramount layoffs of about 800 are imminent.
I hear senior executives have been given reduction targets to hit.
Paramount Global headquarters in New YorkMichael M. Santiago/Getty Images
A rep for Paramount declined comment.
In November 2022, CBS Studios and Paramount TV Studios were impacted.
In February, there were layoffs at Showtime.
NAI owns a portfolio of movie theaters as well as nearly 80% of voting shares.
The companys stock is now worth less than half of what it was when the merger closed.
