According to sources who are knowledgeable about the matter, it appears that Paramount Global might be considering closing its African offices, potentially shutting down local channels, and possibly affecting the roles of its employees. This information was reportedly shared with staff members in the region on Tuesday, as per a report by The Hollywood Reporter.
The business is focusing more on expanding its streaming sector and producing global content that’s essential to it, as it adapts to changes in viewer preferences and economic conditions worldwide. To achieve this, they are evaluating their international pay TV approach and contemplating potential modifications to the mix of channels offered internationally, particularly those related to cable networks. Additionally, company leaders have emphasized their intention to concentrate on areas with the greatest potential for financial expansion.
On Tuesday, we’re still in limbo as Paramount awaits FCC approval for Skydance Media’s proposed acquisition. According to THR’s sources, only a small number of Paramount employees, less than 100, are based in Africa, split between their offices in Johannesburg, South Africa and Lagos, Nigeria.
In the current phase of our journey, we are encountering significant upheaval within our industry, as Monde Twala and Craig Paterson, joint general managers of Paramount Africa, mentioned in a memo to staff, which was obtained by THR. This potential turmoil may impact our team as well, since our company is reassessing its pay TV strategy and the local channels it operates across Africa.
In June, Paramount announced another round of U.S. layoffs, equating to a 3.5% decrease, after already reducing their workforce by 15% last year. As of the end of 2024, Paramount Global employed approximately 18,600 people worldwide. In a memo issued in June, Co-CEOs George Cheeks, Chris McCarthy, and Brian Robbins stated that these cuts primarily targeted U.S. staff, although potential effects on the global workforce may occur over time.
Twala and Paterson made it clear in their team memo: “Today was exceptionally tough, but we want you to understand that your exceptional qualities haven’t gone unnoticed. We write this message with a heavy heart, yet filled with immense pride. Your commitment to excellence, innovative ideas, and passion for utilizing our content have been the key factors propelling us forward towards our many achievements.
They found out that: “The upcoming weeks might be challenging and uncomfortable. However, remember that your efforts are appreciated immensely throughout this period.
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2025-07-22 17:24