Paramount Television Studios announced Tuesday that they would be laying off 15% of their United States-based workforce over the coming months and shutting down one of its television studios.
“A short time ago, we informed the team at Paramount Television Studios (PTVS) that the studio will cease operations at the end of the week,” Paramount co-CEOs George Cheeks, Brian Robbins, and Chris McCarthy wrote in a memo to the staff, per The Los Angeles Times.
“This is not a decision based on how PTVS performed,” the executive team explained in the note. “This move is the result of significant changes in the TV and streaming marketplace and the need to streamline our company.”
The outlet noted that the studio shutting down is the one responsible for making television shows including “Reacher” for Amazon Prime Video, “The Spiderwick Chronicles” for the Roku Channel, “13…
