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

Co-CEOs George Cheeks, Brian Robbins, and Chris McCarthy informed employees that the company will begin the second phase of layoffs in the U.S. today, and by the end of it, 90% of the planned reductions will be complete.

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,

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.