"We are taking difficult but necessary measures to optimize the organization," the text states. It also assures that the changes will be made in accordance with local labor laws.
Paramount moves forward with the sale of Telefe and staff fear layoffs. Ángel de Brito leaked a key letter
"We are taking difficult but necessary measures to optimize the organization," the text states. It also assures that the changes will be made in accordance with local labor laws.
"We deeply appreciate the effort and dedication of all employees," the letter states. The company seeks to ensure that layoffs are handled "with care and respect."
The letter also highlighted recent achievements, such as the success of Mission: Impossible - Dead Reckoning and the growth of streaming.
Media outlet IProfesional reported that a bidding process to sell Telefe began on June 5. Paramount is reportedly considering both domestic and international offers.
The decision is part of the group's plan to restructure its global strategy and exit the Argentine market, where it has already closed other regional channels.
The future of Telefe has been shrouded in uncertainty after Ángel de Brito leaked an internal letter addressed to the channel's staff.
The possible sale by Paramount has caused alarm among employees and reignited rumors about the group's exit from the country.
Journalist Ángel de Brito shared the internal document received by Telefe employees. The message arrived after news broke about the possibility of the channel being sold to an Argentine businessman.
In the letter, Paramount acknowledged that it is going through a complex process, influenced by the global economic situation and by the changing model in the audiovisual industry.
The statement confirms that Paramount will reduce its workforce in the United States by 3.5%. Although figures for other countries are not specified, it is anticipated that employees abroad could be affected.