Paramount has confirmed that it will lay off approximately 3.5% of its U.S. workforce, which represents several hundred employees, as part of an ongoing effort to cut costs amid challenges in the media and entertainment industry. The company cites declines in linear TV viewership and the broader economic environment as key factors driving these layoffs. This decision follows a series of workforce reductions by Paramount, as the company continues to navigate the effects of the declining cable TV market and shifting consumer habits towards streaming services.