What's Going On With Paramount Global Stock After Revealing Massive Layoff Plans?
What's Going On With Paramount Global Stock After Revealing Massive Layoff Plans?
The report noted that CBS News is among the affected divisions, with the IBEW union stating that its members have been involved in producing CBS broadcasts since before television existed, making the layoffs particularly difficult to accept.Paramount Global (NASDAQ:PARA) shares are trading relatively flat on Tuesday.
全球影视公司（纳斯达克: PARA）股价周二相对平稳。
The Hollywood Reporter reported that the company is executing another significant round of layoffs on Tuesday.
《好莱坞报道者》报道称，该公司在周二进行了另一轮大规模裁员。
In a memo to employees on Tuesday morning, the co-CEOs indicated that the company would begin the second phase of workforce reductions that day, expecting to complete 90% of the cuts by day's end.
周二早上向员工发出的备忘录中，联合首席执行官表示，公司将在当天开始第二阶段的裁员工作，并预计在当天结束时完成90%的裁员。
The report noted that CBS News is among the affected divisions, with the IBEW union stating that its members have been involved in producing CBS broadcasts since before television existed, making the layoffs particularly difficult to accept.
报道指出，CBS新闻处于受影响的部门之一，国际电工工会表示，其成员参与制作CBS自电视出现以前的广播节目，这使得裁员尤为艰难。
Also Read: Paramount To Cut 2,000 Jobs In Major Restructuring Move: Report
另请参阅：全球公司计划在重大重组中裁员2,000人：报告
The initiative is part of a broader effort by the owner of CBS, Comedy Central, and MTV to cut expenses during a challenging time for traditional media firms, Variety reported.
该举措是CBS、喜剧中心和MTV的所有者削减开支的更广泛努力的一部分，据《综艺》报道。
As a result of the layoffs, the company anticipates a restructuring charge of $300 million to $400 million in the third quarter, per the report.
作为裁员的结果，根据报告，公司预计第三季度将产生3,000万至4,000万美元的重组费用。
According to the memo, Paramount is working to accelerate streaming profitability while adjusting to the evolving landscape in its traditional businesses.
根据备忘录，全球影视公司正在努力加快流媒体的盈利能力，同时调整其传统业务的发展格局。
In its recently reported second-quarter results, the company's co-CEOs said, "we will continue to aggressively execute on our Strategic Plan which focuses on transforming streaming to accelerate profitability, streamlining our organization — including at least $500 million in annualized cost savings — and improving the balance sheet by growing free cash flow."
在最近公布的第二季度业绩报告中，该公司的联席首席执行官表示：“我们将继续积极执行我们的战略计划，重点是通过转变流媒体业务加快盈利能力，优化我们的组织结构，包括至少5亿美元的年收益成本节约，以及通过增长自由现金流来改善资产负债表。”
According to Benzinga Pro, PARA stock has lost over 17% in the past year. Investors can gain exposure to the stock via Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC) and Invesco S&P 500 Pure Value ETF (NYSE:RPV).
根据Benzinga Pro报道，PARA股票在过去一年中已经下跌超过17%。投资者可以通过Invesco标普500等权沟通服务etf（NYSE: RSPC）和Invesco标普500纯价值etf（NYSE: RPV）获得该股的曝光。
Price Action: PARA shares are trading higher by 0.58% to $10.44 at last check Tuesday.
价格走势：PARA股票最近交易上涨0.58%，至10.44美元，在上周二最后检查时。
Image via Shutterstock
图片来自shutterstock。
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
