Paramount reports first-quarter streaming gains, plans 15% layoffs, takes $6 billion hit on cable operations
Paramount Global (PARA) reported its first profit in its streaming division on Thursday, while its linear TV division reported a bigger-than-expected slowdown as the company took a nearly $6 billion writedown on its cable division. During a conference call, the company also announced plans to lay off 15% of its U.S. workforce. The layoffs will … Read more