June 10 (Reuters) - Paramount Global ( PARAA ) is laying off 3.5%

of its U.S. staff in the latest round of job cuts as the company

grapples with a decline in cable TV subscribers, according to an

internal memo seen by Reuters.

The layoff was communicated to its staff on Tuesday morning

and it could affect some non-U.S. workforce over time, the memo

from the office of the company's three co-CEOs showed.

This is in addition to the 15% cuts Paramount had announced

last August and comes as the media industry navigates a

"generational disruption" as millions of cable users cut the

cord and opt for streaming services such as Netflix.

"We are taking the hard, but necessary steps to further

streamline our organization starting this week,"  Paramount

Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins wrote in

the memo.

Paramount had 18,600 employees as of Dec. 31, 2024. CNBC

first reported the development on Tuesday.

The company has pitched its $8.4 billion merger with

billionaire scion David Ellison's Skydance Media.

But the deal is yet to secure regulatory approval, pending

a $10 billion lawsuit U.S. President Donald Trump filed against

CBS News in October over an interview with then-vice president

Kamala Harris that he alleged was deceptively edited to favor

Harris.