Paramount Cuts 3% of US Workforce Amidst Media Industry Layoffs

Paramount's 3% US Workforce Reduction Reflects Media Industry Downturn Paramount Global, the parent company of CBS, announced Tuesday, June 10, 2025, that it would be cutting 3% of its US workforce. This latest round of layoffs comes as the media industry grapples with economic challenges and changing viewing habits. The move follows similar cost-cutting measures by Disney and Warner Bros. Discovery. "CBS blindsided employees with a round of layoffs today," stated Justin Moore, a former Goldman Sachs and Google employee, in a recent video discussing the situation. His commentary highlights the impact of these cuts on individual employees. Paramount's decision is part of a larger trend. The company previously reduced its staff by 15% last August. Disney and Warner Bros. Discovery have also announced job cuts in recent weeks. Experts attribute these widespread layoffs to a combination of factors, including the decline of cable television and the increasing pressure on media companies to adapt to evolving consumer viewing habits. The situation underscores the challenges facing the media industry in the current economic climate. While Paramount's actions are a response to these pressures, the impact on affected employees remains a significant concern.