An internal memo from CEOBob Bakish(read it below) did not disclose numbers.
Bakish hadconfirmedthe planned cutbacks at a Bob Live town hall event in January.
The scope and details of the staff reductions will come into focus over the course of the day.
Paramount Global headquarters in New YorkMichael M. Santiago/Getty Images
The company will report fourth-quarter earnings at the end of February.
Tuesdays sobering news followed a company high point Sunday with the broadcast of Super Bowl LVIII.
Your talents have helped us advance our mission of unleashing the power of content around the world.
