Paramount Global to Cut 15% of U.S. Workforce Amid Broader Cost-Cutting Measures

Los Angeles, August 9, 2024 — In a significant move aimed at streamlining operations and reducing expenses, Paramount Global has announced plans to cut approximately 15% of its U.S.-based workforce, equating to roughly 2,000 jobs. The decision is part of a broader cost-cutting strategy by the media conglomerate, which is facing increased competition and changing … Read more

Intel Plans Major Workforce Reduction Amid Financial Struggles

July 31, 2024 – In a bid to navigate through challenging market conditions, Intel Corporation is reportedly planning to cut thousands of jobs, according to sources familiar with the matter. The news, first reported by Bloomberg, suggests that the official announcement regarding these workforce reductions could come as early as this week. The decision comes … Read more