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You're correct, of course, but the implication is that Trump pressured Paramount to fire Colbert as part of his settlement with CBS.It is important to note that Paramount, Skydance and divisions of CBS are private sector companies.
They are in business to make profits.
They can hire or fire for any number of reasons, as long as they are in compliance with the laws.
Employees of such companies can indeed be fired for their speech, if the companies deem such speech
to be detrimental to their entities.
The First Amendment places limits on CONGRESS, not the private sector.
"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances"
Interpretations of the First Amendment are ongoing, but it remains consistent that people can certainly express their views, but they are also subject to the actions that result from such speech.
IE An Entertainer's speech is not restricted by Congress, but if it is an issue for his employer (who also have the same First Amendment rights),
he or she can be removed from their position, in accordance with the laws.
Employees of all private companies are subject to the same standard.
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First Amendment | Contents, Freedoms, Rights, & Facts | Britannica
First Amendment, amendment (1791) to the Constitution of the United States that is part of the Bill of Rights. It protects freedom of worship, of speech, and of the press and the right to assembly and to petition. Learn more about the First Amendment, including a discussion of the various clauses.www.britannica.com
I doubt we'll ever know for sure if that happened or not, but losing your company $40 million and criticizing them on their own network certainly made firing him easy.