Paramount’s CBS News is undergoing significant cost-cutting measures, with an expected impact of fewer than 100 employees. The company has promised $2 billion in savings and is closing its Johannesburg bureau and cancelling several streaming shows. The cuts are part of a larger plan to reduce staff by approximately 1,000, with the CEO citing redundancies and restructuring as reasons for the layoffs. This move comes after recent high-profile departures, including one of the network’s longest-serving journalists, and raises concerns among staff about job security.
Source: https://www.theguardian.com/media/2025/oct/29/cbs-news-layoffs-paramount