Paramount Plans to Lay Off 66 More Employees in New York This December
Paramount Global plans to lay off 66 employees in New York this December, according to a notice posted by New York’s state government, as part of the company’s plans to to cut its United States workforce by 15%. A notice filed with the New York Department of Labor indicated those forthcoming layoffs will take place in three phases on Dec. 6, Dec. 13, and Dec. 16, with the vast majority being laid off effective Dec. 16.
Sixty-four of the employees are at the company’s New York City headquarters and were notified on Sept. 17. The New York state notice, amended Tuesday, notes that a total of 819 staff out of 8,036 total employees were affected. Paramount representatives did not immediately reply to TheWrap’s request for further details. Updated WARN notices for California were not immediately available Tuesday evening.
Earlier Tuesday, Paramount+’s communication team was hit with deep layoffs, including senior vice presidents Morgan Seal and Amanda Cary. Seven members of the streamer’s content strategy team — including senior director of Paramount+ scripted originals content strategy Tina Koyanagi-Rosener — were also let go.
“Like the entire Media industry, we are working to accelerate streaming profitability while at the same time adjusting to the evolving landscape in our traditional businesses. In order to set Paramount up for continued success, we are taking these actions, and after today, 90% of these reductions will be complete,” co-CEOs Brian Robbins, George Cheeks and Chris McCarthy said in a memo to staff on Tuesday.
“Days like today are never easy. It is difficult to say goodbye to valued colleagues, and to those departing, we are incredibly grateful for your countless contributions.”
Lucas Manfredi contributed to this story.
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