In the memo, Clemens and Cheeks insisted that whereas Paramount TV is coming to an finish, “our ethos will stay on in exhibits that can proceed to be loved by world audiences for years to come back.” Last week, Paramount mentioned that in an effort to convey down its spending prices, it was getting ready to slash its headcount by 15 % throughout its advertising, comms, tech, and finance divisions. That plan was at all times meant to be rolled out in three phases, and at present, Cheeks and fellow co-CEOs Chris McCarthy and Brian Robbins shared in a memo of their very own that 90 % of these job cuts needs to be completed by this September.
“The business continues to evolve, and Paramount is at an inflection level the place adjustments should be made to strengthen our enterprise,” the CEOs mentioned. “And whereas these actions are sometimes tough, we’re assured in our course ahead.”
