Paramount Layoffs Hit CBS News
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MTV, Paramount and Ridiculousness
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Former CBS producer Trey Sherman is accusing his employer of only laying off people of color on his team.
Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.
The new structure comes as the media giant is laying off 1,000 employees, with more cuts to come at a later date
In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees
About 1,000 roles are expected to be impacted this week, ahead of the new owner's first earnings call as Paramount CEO in November.
Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer.
The announcement that Texas filmmaker Taylor Sheridan is exiting his longtime home at Paramount for NBCUniversal sent shockwaves through the entertainment industry. Sheridan has been the most prolific maker of streaming television,
Paramount TV Studios is reorganizing its leadership team amid the mass layoffs at Paramount following its merger with Skydance.
Paramount on Wednesday began laying off more than 2,000 employees, a long-awaited consequence of its merger with the Hollywood studio Skydance.
Paramount has signed a 10-year lease to occupy a production facility currently under construction in New Jersey. The move will allow the media company to qualify for the state's tax incentives.