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Paramount Global lays off around 800 employees after Super Bowl

Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMA) at the PSD Bank Dome in Dusseldorf, Germany, November 13, 2022.

Thilo Schmuelgen | Reuters

Paramount Global is laying off hundreds of employees, just one day after the company announced that CBS had record viewership for the Super Bowl, CEO Bob Bakish said in an internal memo to employees Tuesday.

Paramount will lay off about 800 people, or about 3% of its workforce, according to a person familiar with the matter. Paramount Global ended 2022 with approximately 24,500 full- and part-time employees.

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