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Source: CCTV Finance

On the 8th, Paramount Universal said it would lay off about 15% of its U.S. employees in the coming weeks. After the layoff news came out,Paramount's stock price rose by more than 5% in after-hours trading on the 8th。

The following video comes from

CCTV Finance

According to reports, the head of Paramount's media network department said that this round of layoffs will mainly focus on the marketing and communications departments. At the same time, other supporting departments including finance, law and technology will also be affected. Paramount plans to complete the layoffs by the end of this year. Previously, Paramount announced that it would cut costs by about $2 billion, and layoffs are part of the plan. In February this year, Paramount announced that it would lay off about 800 people.

In July this year, Paramount and Skydance Media, a new Hollywood production company, announced a merger.The transaction is expected to close in the first half of 2025, with the combined company valued at approximately $28 billion。

Editor: Ye Shuyun

Proofreading: Liao Shengchao

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