Following Historic Super Bowl, Paramount Announces Hundreds of Layoffs

The company will reportedly cut 800 jobs across its portfolio

Layoffs are hitting Paramount.

Top line

Days after Super Bowl 58 smashed viewership records and Paramount saw record-breaking ad sales, the company is moving forward with significant layoffs, according to a memo from CEO Bob Bakish on Tuesday.

Reports say the company could cut up to 800 jobs across its portfolio, which includes CBS, Paramount+, Paramount Pictures, Pluto TV, Showtime and cable networks.

Between the lines

In the memo obtained by ADWEEK, Bakish noted that returning the company to “earnings growth” is a top priority in 2024, and that requires “reducing costs.”

“And

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