Paramount Global to Cut 800 Jobs in Drive to Boost Profitability
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Paramount Global may have just hosted the biggest advertising bonanza in the history of television, but it’s not immune to the larger forces pressuring major US media companies.
The parent of CBS and Nickelodeon, which hosted a record-breaking Super Bowl TV audience just two days ago, is eliminating roughly 800 jobs, about 3% of its workforce, according to a person familiar with the situation.