Paramount Media Networks, Showtime and MTV Entertainment Studios to Lay Off 25% of U.S. Staff as MTV News Shuts Down

Layoffs will be hitting 25% of employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the U.S. Tuesday, following months of internal deliberations about integration amid Showtime’s rebranding into Paramount+ With Showtime. Additionally, MTV News — which was significantly affected by layoffs more than five years ago — will be shutting […]