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#Paramount slashes staff, follows WBD in taking big charge on TV network business

#Paramount slashes staff, follows WBD in taking big charge on TV network business
Paramount Global on Thursday said it would slash U.S. staff and booked billions in operating losses in the second quarter, as it tries to cut costs and recalibrate the worth of its cable business following a flight from traditional TV viewing habits and its merger deal with Skydance Media.

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