Paramount Global, which last year shed 15% of its U.S. workforce, said Tuesday it will reduce it by another 3.5% due in part to linear TV declines.

Paramount Global said it's cutting 3.5% of its workforce, citing challenges in the broader economy and in the linear television business.

Paramount Global plans to cut several hundred employees on Tuesday due to a continuing decline in the cable-TV industry and the broader economic landscape.