The reports about mass layoffs at Paramount Pictures are accurate. Paramount Global has initiated the next phase of its plan to lay off 15% of its U.S. workforce, with the majority of these cuts happening today. This move is part of their broader strategy to achieve $500 million in annual cost savings.
Regarding USAA, there have been recent reports indicating that the company is undergoing a round of job cuts. However, the specifics about the number of employees affected or the departments targeted have not been fully detailed yet.
Sources:
deadline.com/2024/09/paramount-global-layoffs-2-1236097329/
www.foxbusiness.com/entertainment/paramount-begins-laying-off-15-work-force-hundreds-expected-cut
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