{"id":174618,"date":"2025-06-11T03:29:15","date_gmt":"2025-06-11T03:29:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/174618\/"},"modified":"2025-06-11T03:29:15","modified_gmt":"2025-06-11T03:29:15","slug":"paramount-slashing-3-5-of-staff-in-2025-canadians-could-be-affected","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/174618\/","title":{"rendered":"Paramount Slashing 3.5% of Staff in 2025, Canadians Could be Affected"},"content":{"rendered":"<p>\t\t\t<strong>What\u2019s Happening at Paramount?<\/strong><\/p>\n<p>Entertainment giant Paramount Global (Paramount) is <strong>planning to eliminate approximately 3.5% of its workforce<\/strong> amid a decline in cable TV subscribers.<\/p>\n<p>\u201cWe recognize how difficult this is and are very thankful for everyone\u2019s hard work and contributions,\u201d the company\u2019s 3 CEOs said in a <a href=\"https:\/\/www.cnbc.com\/2025\/06\/10\/paramount-to-cut-3percent-of-us-workforce-as-it-deepens-cost-cutting.html\" target=\"_blank\" rel=\"noopener\">memo to staff<\/a> on June 10.<\/p>\n<p>\u201cThese changes are necessary to address the environment we are operating in and best position Paramount for success.\u201d<\/p>\n<p>The bombshell update comes shortly after streaming rival Disney announced that it was <a href=\"https:\/\/stlawyers.ca\/blog-news\/disney-layoffs-june-2025-global-film-tv-cuts\/\" target=\"_blank\" rel=\"noopener\">trimming several teams<\/a>.<\/p>\n<p><strong>Impact on Canadian Staff<\/strong><\/p>\n<p>Paramount noted in its memo that it could trim its non-US workforce over time \u2014 <strong>potentially affecting Canadian employees.<\/strong><\/p>\n<p>According to LinkedIn, the company has <a href=\"https:\/\/www.linkedin.com\/company\/paramountco\/?originalSubdomain=ca\" target=\"_blank\" rel=\"noopener\">more than 100 workers<\/a> in the country.<\/p>\n<p><strong>Next Steps for Paramount Employees<\/strong><\/p>\n<p>If you\u2019re fired or let go from Paramount, <strong>understanding your legal rights is crucial<\/strong>.<\/p>\n<p>Non-unionized employees in Canada are entitled to <a href=\"https:\/\/stlawyers.ca\/law-essentials\/severance-pay\/\" target=\"_blank\" rel=\"noopener\">severance pay<\/a>. This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and British Columbia (BC).<\/p>\n<p>The amount you\u2019re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.<\/p>\n<p><strong>\ud83d\udcfa WATCH:<\/strong> Everything Non-Unionized Employees Need to Know About Severance Pay<\/p>\n<p>\ufeff<\/p>\n<p><strong>Key Severance Facts:<\/strong><\/p>\n<ul>\n<li><strong>Compensation:<\/strong> Severance packages, which can be as much as <a href=\"https:\/\/stlawyers.ca\/blog-news\/calculate-severance-pay\/\" target=\"_blank\" rel=\"noopener\">24 months\u2019 pay<\/a>, may include salary, bonuses, commissions, and other forms of compensation. <strong>Use our firm\u2019s free <a tabindex=\"-1\" title=\"https:\/\/www.severancepaycalculator.com\/\" href=\"https:\/\/www.severancepaycalculator.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Severance Pay Calculator<\/a> to better understand your entitlements.<\/strong><\/li>\n<li><strong>Deadlines:<\/strong> You generally have up to 2 years from the date of your termination to review and negotiate severance offers.<\/li>\n<li><strong>Action steps:<\/strong> Consult an <a href=\"https:\/\/stlawyers.ca\/contact-us\/\" target=\"_blank\" rel=\"noopener\">employment lawyer at Samfiru Tumarkin LLP<\/a> to ensure your severance package is fair and aligns with Canadian employment laws.<\/li>\n<\/ul>\n<p><strong>Lost Your Job at Paramount? Contact Us<\/strong><\/p>\n<p>If you\u2019ve been fired or let go from Paramount, the <a href=\"https:\/\/stlawyers.ca\/contact-us\/\" target=\"_blank\" rel=\"noopener\">experienced employment law team at Samfiru Tumarkin LLP<\/a> can help.<\/p>\n<p>Our lawyers in <a href=\"https:\/\/stlawyers.ca\/labour-employment-law-employees\/ontario\/\" target=\"_blank\" rel=\"noopener\">Ontario<\/a>, <a href=\"https:\/\/stlawyers.ca\/labour-employment-law-employees\/alberta\/\" target=\"_blank\" rel=\"noopener\">Alberta<\/a>, and <a href=\"https:\/\/stlawyers.ca\/labour-employment-law-employees\/british-columbia\/\" target=\"_blank\" rel=\"noopener\">BC<\/a>\u00a0have helped tens of thousands of non-unionized individuals resolve their workplace issues.<\/p>\n<p><strong>Call us today<\/strong> at <a href=\"#tel:1-855-821-5900\">1-855-821-5900<\/a> or <a href=\"https:\/\/stlawyers.ca\/contact-us\/\" target=\"_new\" rel=\"noopener\">request a consultation online<\/a>.<\/p>\n<p><strong>\u26d4\u200a UNIONIZED?<br \/><\/strong>You must consult your union representative regarding termination, severance pay, and other workplace issues. <strong>By law, employment lawyers can\u2019t represent unionized employees with these issues.<\/strong> They\u2019re governed by your collective bargaining agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"What\u2019s Happening at Paramount? Entertainment giant Paramount Global (Paramount) is planning to eliminate approximately 3.5% of its workforce&hellip;\n","protected":false},"author":2,"featured_media":174619,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3092],"tags":[51,897,16,15],"class_list":{"0":"post-174618","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-jobs","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114662615562703616","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/174618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=174618"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/174618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/174619"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=174618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=174618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=174618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}