Paramount Global slashing 25% of staff, shutting down MTV News: report
By
Reuters
Published
May 9, 2023
Updated
May 9, 2023, 4:40 p.m. ET
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 doꦿmestic cabl🎀e networks, on Tuesday.
Employees are being notified Tuesday, aꦇccording to the&nꦛbsp;report.
Paramount is combinꦜing nine separate teams into one and among the unit♑s being shut down is MTV News, Bloomberg News reported.
Paramount, formerly known as ViacomCBS, did not immediately respond to a Reuters’ request for comment.