Paramount Global—the parent company to major broadcasting networks like CBS, Nickelodeon, MTV, and Showtime, among others—reportedly announced it was laying off 800 employees in an internal memo sent out on Feb. 13.
The layoffs represent about 3 percent of the media conglomerate’s workforce, encompassing roughly 24,500 full-time and part-time employees at the close of 2022, per CNBC.
