Paramount Begins Job Cuts, Closes a TV Production Studio

Paramount Global began laying off staff Tuesday after the entertainment company said last week it planned to slash 15% of its US-based workforce, amounting to roughly 2,000 positions.

As part of the move, management this week will close Paramount Television Studios, one of the company’s production arms. The unit’s shows include Tom Clancy’s Jack Ryan, Reacher and The Spiderwick Chronicles.