Jeff Shultz, who has served as chief strategy officer and chief business development officer of Paramount Global’s streaming division, is leaving the company at the end of the year. Shultz joined Paramount in 2019 as part of the acquisition of Pluto TV and was a key executive on the leadership team that launched and grew

Shultz, who had held exec roles at CBS, became Pluto’s Chief Business Officer in 2017. Paramount, which is reeling from ongoing declines in its linear TV business, is laying off

The news comes on the heels of Charles Phillips Jr. announcing he's leaving the board of directors ahead of the Skydance merger