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Paramount Global announced 3.5% US-based staff layoffs, impacting several hundred employees. This follows previous cuts and reflects the challenges of declining pay-TV and economic headwinds. The layoffs were announced in a memo from the CEOs, citing the need to adapt to the current environment. This is part of a broader trend in the media industry, with similar actions recently taken by Disney and Warner Bros. Discovery. The company is also pursuing a merger with Skydance Media.

Prepared by Christopher Adams and reviewed by editorial team.