How is Paramount Global celebrating its Super Bowl ratings victory on CBS? By laying off hundreds of employees.
Paramount Global — which owns CBS, Paramount Pictures, Pluto TV, Comedy Central, BET, and numerous other media properties — is set to begin laying off around 800 employees, or 3 percent of its workforce on Tuesday, according to an internal memo from CEO Bob Bakish that was first obtained by Deadline.
Workers losing their jobs will be notified Tuesday. “These adjustments will help enable us to build on our momentum and execute our strategic vision for the year ahead — and I firmly believe we have much to be excited about,” Bakish reportedly wrote in the note.
For the Super Bowl on Sunday, CBS scored 123.4