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entertainment

Paramount Cuts 25% of Domestic Staff in TV Division

By
Sahil Patel
· · Source: The Information

Paramount Global is laying off about 25% of the staff within the division that oversees its domestic cable networks and Showtime/MTV Entertainment Studios, said Chris McCarthy, the head of that division, in a memo to employees. McCarthy said Paramount continues to “feel pressure from broader economic headwinds like many of our peers,” which he cited as a reason for the cuts. A week ago,...

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