Co-CEOs George Cheeks, Brian Robbins and Chris McCarthy tell staff that after Tuesday, 90 percent of the company's layoffs will be complete.

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 began a second wave of layoffs on Tuesday morning, nearly completing a 15% staff reduction announced last month.

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

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+'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,

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.