Paramount (PARA) Global is cutting its U.S.-based staff by 3.5% and notified its staff of the latest round of layoffs on Tuesday morning in a memo from the office of the CEO that was viewed by CNBC, reported Lillian Rizzo. In August, Paramount began the process of reducing its U.S.-based workforce by 15% and Tuesday’s memo said that the process may also result in some impacts to the workforce outside of the U.S. over time, CNBC noted.
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