Paramount movie studios to lay off 110 in workforce realignment
ReutersLOS ANGELES--Paramount Pictures will eliminate 110 positions in areas including finance and marketing as part of a realignment at the film studio owned by Viacom Inc., according to a memo to employees obtained by Reuters.
October 3, 2013, 12:11 am TWN
The layoffs will affect about 5 percent of the studio's 2,200 employees that work on the Los Angeles movie lot or in international locations.
The job cuts will occur primarily in the areas of finance, human resources, information technology, international home media distribution, legal and marketing, according to the memo from Paramount Pictures Chief Operating Officer Frederick Huntsberry.