Reorganization and Staffing Cuts Coming to Paramount
Paramount Global Logo. Image: Paramount.
MAY 12, 2023 – Paramount Global is weathering a number of challenges these days, from the Writers Guild of America strike to disappointing financial results. Cuts and reorganizations are also a part of the current landscape, and more of that has come in the midst of merging Showtime and Paramount+ (streaming home of the Star Trek universe), according to The Hollywood Reporter.
Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks announced this week a 25% cut in staffing domestically in Paramount Global’s division within his purview. Also, restructuring has result in “’studios,’ which now combine Showtime with MTV Entertainment Studios, and ‘networks,’ which will merge nine separate teams into one portfolio group.” Most of the cuts are coming from the latter group.
McCarthy said in a memo to staff, “[D]espite … success in streaming, we continue to feel pressure from broader economic headwinds like many of our peers.” He called the staff reduction a “tough yet important strategic realignment of our group.”
Paramount Media Networks is a division of Paramount Global and includes other brands besides MTV and Showtime, such as Comedy Central, Nickelodeon, and Smithsonian Channel, among others.
For more on the reorganizations at Paramount, including Chris McCarthy’s full memo, head over to The Hollywood Reporter.
David is a contributing writer for Daily Star Trek News on the Roddenberry Podcast Network. He is a librarian, baseball fan, and book and movie buff. He has also written for American Libraries and Skeptical Inquirer. David also enjoys diverse music, but leans toward classical and jazz. He plays a mean radio.
