CFONaveen Chopradelivered that outlook during the companys fourth quarterearningscall with Wall Street analysts.
The company is making a variety of important changes to our global workforce and content strategy, he said.
These moves reflect decisions weve made to transition our business and enhance our future value proposition.
Paramount Global layoffsGetty
Were also focused on using the collective power ofParamount Globalto unlock synergies more broadly.
This mindset enables headcount cost reduction, including the action we announced earlier this month.
We will continue to optimize our compensation expenses throughout the course of 2024, he said.
