Paramount to cut 1,000 jobs in first round of layoffs, source says
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Paramount Skydance is set to cut approximately 1,000 jobs, representing about 5% of its workforce, following its $8.4 billion merger with Paramount Global. The layoffs will begin on Wednesday and come after Warner Bros Discovery's board rejected a $60 billion offer from Paramount Skydance. As of December 2024, Paramount employed nearly 18,600 full- and part-time workers, along with 3,500 project-based staff.
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