Paramount cuts 800 staff two days after Super Bowl was biggest ever TV show

The owner of CBS is laying off 800 employees, just two days after its broadcast of Super Bowl LVIII became the most-watched TV program in history.

Paramount Global plans to reduce its global workforce by about 3%, according to sources, and informed staff on Tuesday of the job cuts.

Bob Bakish, the media giant’s chief executive, announced the move hours after CBS revealed that its broadcast of the Kansas City Chiefs’ overtime triumph over the San Francisco 49ers averaged 123.4 million viewers across television and streaming platforms on Sunday.

“To those with whom we are parting ways, we are incredibly grateful for your hard work and dedication,” Bakish wrote in an internal memo obtained by the Guardian. “Your talents have helped us advance our mission of unleashing the power of content around the world. We are a better company because of you.

https://www.theguardian.com/media/2024/feb/13/paramount-cbs-800-layoffs