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It comes as Paramount+ continues cutting costs, which also includes mass layoffs. Bob Bakish addressed this in a memo to his team on Thursday that the company will continue to reduce its global workforce “to operate as a leaner company and spend less” after Deadline revealed over the weekend that the company was bracing for more staff cuts, thought to be in the hundreds including the programming teams.

I've seen similar said by other companies cancelling series. Coincidentally since those strikes have started and ended.

https://deadline.com/2024/01/wolf-pack-canceled-paramount-plus-1235805112/

 

SAGAFTRA strikes again!