Chris McCarthy's unit is in the midst of combining teams as part of a reorganization merging Showtime with Paramount+.
“This combination has resulted in an incredible track record of hits,” noted McCarthy in a memo to staff, before rattling off successes like. “However, despite this success in streaming, we continue to feel pressure from broader economic headwinds like many of our peers.”
While the scale might be staggering, another round of layoffs was all but inevitable, given both the degree of consolidation and the broader health of the marketplace. The cuts come roughly half a year after
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