Paramount Global began its second phase of workforce reductions Tuesday, saying that 90% of its layoffs will be completed by the end of the day, according to The Hollywood Reporter.
Phase one of the entertainment and media conglomerate’s initiative to slash 15% of its U.S. workforce, which took place last month, resulted in the closure of its Paramount Television Studios division, with all current PTVS and development projects moving to CBS Studios. Several PTVS staffers were impacted, including longtime president Nicole Clemens.
Paramount
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