XPost: talk.politics.guns, alt.fan.rush-limbaugh, sac.politics   
   XPost: rec.arts.tv, alt.politics.media   
   From: leroysoetoro@americans-first.com   
      
   https://deadline.com/2025/10/paramount-layoffs-roughly-1000-workers-   
   skydance-deal-1236599150/   
      
   Paramount is planning to lay off about 1,000 workers Wednesday, with an   
   additional thousand to follow at a time still being determined, sources   
   familiar with the plans tell Deadline.   
      
   The vast majority of the affected employees will be based in the U.S.,   
   with international divisions also planning cutbacks in the coming weeks.   
      
   The long-expected cuts come two-plus months after the close of the $8.4   
   billion merger of Paramount and Skydance. Executives at the merged company   
   have promised Wall Street they would deliver $2 billion in cost savings,   
   with part of that target amount being achieved by workforce reductions.   
      
   Bloomberg reported earlier Monday on the timing and amount of this week’s   
   reductions. Deadline earlier had been the first to report that the layoffs   
   had been shifted up to this week from an initial November target.   
      
   RELATED: Amazon Slashing As Many As 30,000 Corporate Jobs In Its Largest   
   Ever Round Of Layoffs – Report   
      
   In a press conference last August following the merger’s completion,   
   president Jeff Shell told reporters that the cuts would be implemented as   
   efficiently as possible. “We don’t want to be a company that has layoffs   
   every quarter,” he said.   
      
   The previous regime at Paramount had already shrunk the company’s   
   workforce pretty significantly, initiating three waves of layoffs in the   
   latter months of 2024 that reduced the rolls by about 15% in the U.S.   
      
   Layoffs are never an easy part of a post-merger integration process in   
   terms of employee morale, but for David Ellison and his Paramount   
   management team there is also the matter of the company’s next M&A   
   conquest. The ink had barely dried on the long-gestating Paramount-   
   Skydance merger before Ellison offered (not once, but three times) to   
   acquire rival Warner Bros. Discovery. Last week, word emerged that those   
   overtures had been rebuffed, but WBD announced it had initiated a review   
   of its strategic alternatives. Its goal is to convene an auction after   
   saying it received interest in a potential acquisition from “multiple   
   parties,” with Comcast and Amazon atop the list of those believed to be   
   kicking the tires.   
      
   In terms of Paramount’s corporate divisions, CBS Sports has come through   
   recent waves of cutbacks relatively unscathed. Most other units have been   
   affected by secular pressures on theatrical moviegoing and linear TV   
   viewing. The post-merger executive map is just starting to come into   
   focus, with former co-CEOs Brian Robbins and Chris McCarthy leaving the   
   company just as the merger officially closed last August. The decline of   
   viewing and advertising spending on linear TV has put pressure on many   
   parts of the portfolio, especially legacy cable.   
      
   John Dickerson, co-anchor of CBS Evening News, has given notice that he   
   will leave at the end of the year, it was reported Monday. Two other major   
   departures from Paramount also came into view as the week was beginning:   
   Taylor Sheridan, architect of the Yellowstone universe, is moving to   
   NBCUniversal under a rich film and TV deal set to take effect in 2029.   
   David Glasser, Sheridan’s close collaborator, is also relocating his 101   
   Studios to NBCU in early 2026.   
      
      
   --   
   November 5, 2024 - Congratulations President Donald Trump.  We look   
   forward to America being great again.   
      
   We live in a time where intelligent people are being silenced so that   
   stupid people won't be offended.   
      
   Every day is an IQ test. Some pass, some, not so much.   
      
   Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama   
   / Biden / Harris fiascos, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)