Normally, this would be more of a c/quarks post, but fuck it, this is important.

It sucks.

All the major American media companies have done this, but that's not an excuse. It still sucks.

If there's any hope at all (and I'm not completely convinced that there is), it's in statements like this:

To be the best storytellers and to continue to drive success, we must have a highly talented, dedicated and creative workforce that reflects the perspectives and experiences of our many different audiences. Values like inclusivity and collaboration are a part of the Paramount culture and will continue to be.

That might be an indication that the policies themselves are sort of still in place, but under a different name. However, if they're discontinuing all metrics related to it, there will be no real way to know whether their "values" have a significant impact.