Paramount Says 600 Staffers Took Buyouts After Return To Office Mandate; Confirms Sale Of Argentina, Chile Assets
Paramount, which recently pink slipped 1,000 staffers, said today approximately 600 employees in the LA and New York offices, at the VP level and below, chose to take a severance package as the company instituted a five-day-a-week return to office mandate starting in January. In a letter to shareholders after its first quarter as a merged company, it said expects another 1,600 staff reductions after unloading Televisión Federal, or Telefe, in Argentina, and Chilevision in Chile, which the company expects t ...