Part 3/8:
The downturn is not isolated to Paramount alone. Other major studios, such as Disney, have also cut their workforce. These layoffs reflect what many describe as a downturn in the quality and viewership of television content over the past few years. The once popular surge of "peak TV" is at risk as streaming services face pressure to produce engaging content without an endless run of shows that fail to attract audiences. Notably, some of the woke content produced over recent years has not resonated with viewers, leading companies to return to a more market-driven approach aligned with audience interests.