Industry News

Paramount CEO Bob Bakish announces layoffs after record super bowl night

12 February, 2024

Paramount (PARA) Global CEO Bob Bakish has some not-so-great news for his employees after a record-breaking Super Bowl night. In a memo today (Feb. 13), Bakish said Paramount is looking to make cuts across its U.S. and international operations. The move will affect about 800 employees, or 3 percent of the company’s total staff, multiple outlets reported. The news came just two days after Paramount’s broadcast of Super Bowl LVIII brought in 123 million views, making it the most-watched telecast in U.S. history. 

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