Viacom Inc. (VIA, VIAB) Paramount division will cut 110 jobs, according to reports in the Hollywood Reporter and TheWrap.com, which cited a memo to employees that noted the "increasingly competitive environment."
According to TheWrap.com, Paramount has about 2,200 employees.
Full story at http://www.hollywoodreporter.com/news/layoffs-hit-paramount-110-positions-639943 and http://www.thewrap.com/paramount-to-lay-off-110-employees-across-departments/
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(END) Dow Jones Newswires
October 01, 2013 18:01 ET (22:01 GMT)Copyright (c) 2013 Dow Jones & Company, Inc.
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