Paramount to Cut 800 Jobs Even as CEO Bakish Touts ‘Blockbuster’ Super Bowl
Paramount Pictures, the iconic American entertainment company, is set to lay off around 800 employees as it takes steps to cut costs and return to earnings growth, according to sources familiar with the matter. The decision comes just days after Paramount streamed Super Bowl LVIII, which was hailed as a “blockbuster” event showcasing the company’s cinematic power.
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