CBS News Reporter Catherine Herridge, Who is Critical of Biden Regime, Among 800 Laid Off in Paramount Global’s Cost-Cutting Sweep
Photo: Catherine Herridge/X
Paramount Global has announced the layoffs of 800 employees, including notable figures such as Catherine Herridge, the Emmy-winning and Emmy-nominated senior investigative correspondent known for her coverage of national security and intelligence matters.
In a memo to employees obtained by CNN, Paramount Global CEO Bob Bakish confirmed the layoffs but did not disclose specific numbers. However, sources with knowledge of the situation reported to far-left news outlet that the cuts represent a 3% reduction in the company’s global workforce.
These layoffs are part of Paramount’s strategy to streamline operations and bolster earnings growth. This came as a shock to the industry, especially following the network’s recent high-profile success with Super Bowl advertising.
“These adjustments will help enable us to build on our momentum and execute our strategic vision for the year ahead — and I firmly believe we have much to be excited about,” Bakish wrote.
