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Paramount Layoffs Hit Advertising Division

Paramount’s advertising division is the latest unit to be hit by layoffs.

“As you know, a key part of the strategic plan outlined by our Co-CEOs is to reduce the size of our workforce in order to return Paramount to profitable growth,” he wrote. “Today is going to be a difficult day as this process will affect our org and we will be parting ways with talented and valued teammates and friends. Halley oversees the company’s domestic multiplatform sales across its broadcast, cable and streaming platforms including CBS, BET, Comedy Central, MTV, Nickelodeon, Paramount+ and Pluto TV.

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