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Veteran media executive submitted a roughly $4.3 billion bid to take over Paramount Global through the acquisition of National Amusements, the family-holding company that owns a controlling stake in the media company

The cuts, which add to the round of layoffs the company implemented in February of this year and that reduced its employee base by 3%, are part of a corporate effort to generate annual run-rate cost savings of $500 million.

Her departure follows that of Paramount+ and Showtime CMO Michael Engleman. Paramount last Thursday confirmed deep cutbacks are coming soon, with 15% of the U.S. workforce to exit before the end of the year.

The company presented its financial results for the second quarter of 2024, which saw a weaker performance in its TV Media and Filmed Entertainment segments, but a 13% year-over-year increase in revenue for the DTC segment.

The company sold the British action thriller to more than 120 territories worldwide, including Paramount+ in Canada, Netflix in Germany, Max and HBO Max in CEE, and France TV.