Paramounts latest round of layoffs has impacted CBS News, with anchor Jeff Glor among those leaving the network.
Glor, who co-hosts CBS Saturday Morning and is a special correspondent, was one of a number of people laid off as CBS parent company made a second round of cuts Tuesday. Paramount is looking to save some $500 million in costs ahead of a merger with Skydance and plans to lay off 15 percent of its U.S.-based employees. Tuesdays layoffs were the second round, following a first wave of job cuts in mid-August.
CBS News declined comment.
Like the entire Media industry, we are working to accelerate streaming profitability while at the same time adjusting to the evolving landscape in our traditional businesses, Paramount co-CEOs George Cheeks, Chris McCarthy and Brian Robbins wrote in a memo to employees early Tuesday. In order to set Paramount up for continued success, we are taking these actions, and after today, 90 percent of these reductions will be complete.
More to come.