{UAH} A CLASSIC ALLAN BARIGYE ECONOMY GOING INO A HOLE ->To the rest of you embrace !!!!!

Paramount Global slashing 25% of staff, shutting down MTV News: report

By Reuters

May 9, 2023 4:39pm 

 

Media company Paramount Global, looking to reduce costs as it merges its Showtime and MTV networks, is letting go about 25% of the staff in its domestic cable networks, Bloomberg News reported on Tuesday.

Employees are being notified Tuesday, according to the report.

Paramount is combining nine separate teams into one and among the units being shut down is MTV News, Bloomberg News reported.

Paramount is combining nine separate teams into one, Bloomberg News reported.Christopher Sadowski

Paramount, formerly known as ViacomCBS, did not immediately respond to a Reuters’ request for comment.

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