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Paramount Says 600 Staffers Took Buyouts After Return To Office Mandate; Confirms Sale Of Argentina, Chile Assets
Paramount Paramount (US:PARA) Deadline·2025-11-11 05:50

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 ...