The job cuts are just the latest to hit the beleaguered media industry, which recently has seen staff reductions at Disney and Warner Bros. Discovery. Paramount Global is cutting 3.5% of its U.S. workforce as customers switch away from traditional pay-TV bundles in today’s shifting media landscape and uncertain economy.

Paramount Global said it's cutting 3.5% of its workforce, citing challenges in the broader economy and in the linear television business.

It's the latest round of layoffs at Paramount as it contends with cord-cutting and prepares to merge with Skydance Media.