The move follows a 15% reduction last year as part of a $500 million cost cutting plan. The company ended 2024 with 18,600 employees worldwide.

In a move that blindsided many staffers, Paramount has fired its longtime media agency of record WPP Media ahead of the close of its merger.

Following a highly competitive, multi-studio bidding war, Paramount Pictures has purchased “Guys with No Friends,” a spec script from Deborah Kaplan and Harry Elfont, in a seven-figure deal. Kaplan and Elfont,

Paramount Global is slashing its U.S. workforce by 3.5% as it takes "hard, but necessary steps to further streamline" the company, according to a memo obtained by FOX Business.

EXCLUSIVE: Veteran casting director and executive Deborah Aquila, most recently EVP and head of casting for streaming series at CBS Studios, is leaving as part of the companywide layoffs at parent Paramount Global.

Shari Redstone, the media mogul who has been trying to sell Paramount in a politically fraught transaction, is undergoing treatment for cancer.

In honor of Clueless turning 30, Beverly Hills is officially declaring June 19 “Clueless Day,” with a celebratory outdoor screening and '90s-themed festivities at La Cienega Park hosted by Street Food Cinema and Paramount Pictures.