Within the memo, Clemens and Cheeks insisted that whereas Paramount TV is coming to an finish, “our ethos will stay on in reveals that can proceed to be loved by international audiences for years to return.” Final week, Paramount stated that so as to carry down its spending prices, it was preparing to slash its headcount by 15 percent throughout its advertising and marketing, comms, tech, and finance divisions. That plan was at all times meant to be rolled out in three phases, and at this time, Cheeks and fellow co-CEOs Chris McCarthy and Brian Robbins shared in a memo of their very own that 90 percent of those job cuts should be finished by this September.
“The trade continues to evolve, and Paramount is at an inflection level the place adjustments should be made to strengthen our enterprise,” the CEOs stated. “And whereas these actions are sometimes tough, we’re assured in our path ahead.”