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Paramount CEO announces layoffs as cost pressures, take-private talks build – CNBC

Reuters
Reuters
FILE PHOTO: Red Carpet for the 2022 MTV Europe Music Awards at the PSD Dome in Duesseldorf

(Reuters) – Paramount Global CEO Bob Bakish has announced layoffs at the media firm, as it needs to “operate as a leaner company and spend less,” CNBC reported on Thursday citing a memo.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Krishna Chandra Eluri)

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