Paramount (NASDAQ:PARA) said Tuesday it will undergo "phase two” of its planned workforce reductions it kicked off last month.  Co-CEO's George Cheeks, Brian Robbins, and Chris McCarthy informed employees that the company will begin the second phase of layoffs in the U.

Paramount Global said it was continuing to cut staff amid a difficult climate, hoping to net 90% of its overall layoffs

Paramount Global cut more jobs on Tuesday as part of a previously announced plan to reduce its US workforce by 15%, or about 2,000 positions. The move is the second round of layoffs, and after today 90% of the planned cuts will be complete, co-chief executive officers George Cheeks, Chris McCarthy and Brian Robbins wrote in a memo to staff.

Paramount Global is now going through Phase 2 of its planned layoffs, which started in August. After Tuesday, 90% of the layoffs will be finished.

Paramount began a planned second wave of layoffs on Tuesday morning, nearly completing a 15% staff reduction announced last month. "In order to set Paramount up for continued success, we are taking these actions,

A total of about 2,000 workers are losing their jobs to reduce annual costs by $500 million ahead of a merger with Skydance Media.

Paramount Global is moving forward with a second wave of layoffs, impacting around 15 percent of its remaining workforce. This article, Paramount begins second wave of layoffs, was first published at The Desk.

Paramount+'s communication team has been hit by Paramount Global's latest round of layoffs as part of its 15% reduction of its U.S. workforce. Senior vice presidents Morgan Seal and Amanda Cary are among those impacted,