George Cheeks, Chris McCarthy and Brian Robbins conveyed the news to staffers in a memo this morning.
(Read it in full below.)
The companys advertising division was targeted by a number of cuts last week.
Paramount GlobalArtur Widak/NurPhoto via Getty Images
to set Paramount up for continued success, we are taking these actions, the memo said.
Days like today are never easy.
The current rounds are expected to see a total of at least 2,000 more employees depart.
No exact figure has been available for todays round but it is believed that several hundred workers are affected.
