Paramount announces layoffs

Paramount said its streaming service Paramount+ posted a $26 million profit in the 2nd quarter of this year after losing $424 million during the same period last year. It expects subscriber growth in the second half of the year.

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[wolfthornhawkridge]

Funny they never think about laying off the executives.

[geoffdevore]

When Paramount lays off employees, you know the economy is going down the tubes!!

[Tvso]

Not so paramount. Almost everything new and streaming these days are trash. Good riddance.

[eddieg]

Filming has VACATED L.A.!! It’s gone to Georgia, Canada, and England. 🤷🏼‍♂️🤷🏼‍♂️🤷🏼‍♂️

[maestrovso]

Before Paramount closes up shop, it should produce Escape From LA Redux, or better yet Escape From California.

[donaldkasper]

Announced layoff means that have already taken place.

[Pencil-op]

I feel bad for those who get laid off but not for Hollywood. It has fallen deep long time ago.

[tyrannyterminator]

When you decide to create crap…this is what happens….

[Sandra_Jo]

Movies are horrible. I’m glad they are going down the tubes.

[littlebytes]

The industry is filled with nepotism and focused on looks rather than talent. New actors don’t even feel like they need to be good at acting they just rely on their good looks.

[redjetsen]

15% is quite a bit. Democrats will spin it as the new AI market.

[tf]

Hollyweird is just putting our woke crap.

[aaap]

California lost 250, 000 high paying jobs in 2023-2024...but there sure are a lot of Min wage jobs...thanks Bidenomics and Gavinomics

[Moondoggy]

The second to the last person to leave Ca. will be Gov. Newsom.

[Tom-sgiv]

Bye 👋🏼 No one will miss those woke Hollywood workers.

[TGWazoo]

Hopefully the layoffs won’t include the useful positions like the janitorial staff.

[richardPogz]

Damn... layoffs everywhere..the world is in recession again.

[edwinrodeo]

Chit show, you get what you deserve…😅

[fifthrider]

At no point does the movie industry even try to understand why no one's watching anymore. Make more woke rubbish, then call the audience jaded and proclaim THEM to be the problem when it doesn't sell. No loss. Good riddance.

[donaldcary]

Last time I spend any money at the movie theater was Star Wars😂😂😂😂😂😂 the first one😂😂😂😂😂