Amid the broader restructuring at its parent company
The Melrose Avenue movie studio laid off as many as 40 workers Wednesday, according to a person close to the company.
Viacom's cost-cutting has already resulted in layoffs in the company's advertising sales division and its TV Land and
Executives at Viacom had warned of the downsizing more than a month ago in the face of lower ratings and changing viewing habits, especially among younger audiences.
Viacom Chief Executive
A Paramount Pictures spokesperson said the job cuts at the studio "are designed to realign resources and create efficiencies in line with the evolving business environment."
The entertainment industry website Deadline first reported the Paramount layoffs.