Paramount Global to lay off 15% of its US workforce
Job cuts will occur 'in the coming weeks' and largely finish 'by the end of the year'
The media company disclosed its plans for the layoffs as it released its second-quarter financial results.
McCarthy said the layoffs will be "primarily focused on two areas: first, redundant functions within marketing and communications; second, streamlining our corporate structure, reducing our headcount in finance, legal, technology and other support functions." -- More...
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