Paramount Hit With Potential Class Action Over Last Month's Layoffs [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
To be specific, a potentially class action lawsuit consequence for allegedly not giving Empire State mandated notice to the over 300 employees pink slipped on September 24. This new round of cuts last week came in what has been called “Phase 2” of Paramount's ongoing efforts to get rid of 15% of its domestic workforce. More from Deadline Cuts that could prove costly. “On or about September 24, 2024, defendants Paramount Global CBS Interactive Inc. terminated the employment of Julian Hagins more than 300 other employees who worked at and/or reported to their headquarters in close geographic proximity to headquarters,” says the action filed on October 3 in federal court in New York by now former Paramount Pictures Podcast Post Production Coordinator Hagins. “Defendants provided written notification of the termination, which was effective on or about Sept. 30, 2024.” Read the potential class action suit against Paramount over last month's layoffs here New York State's Worker A
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PARAA
Earnings
- 8/8/24 - Beat
PARAA
Sec Filings
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- PARAA's page on the SEC website