Paramount slashes roughly 1,000 jobs, with another 1,000 coming soon, to address post-merger ‘redundancies’

Paramount cut approximately 1,000 jobs on Wednesday, with another 1,000 expected "swiftly" in a massive headcount reduction designed to address "redundancies that have emerged" after the company’s $8 billion merger with Skydance. Layoffs have been expected since the industry-changing merger put CEO David Ellison in charge of the newly formed Paramount, a Skydance Corporation, in August. Roughly 1,000 positions were eliminated Wednesday and the company plans to slash another 1,000 in the near future, according to a source familiar with the company’s plans. The cuts are companywide, and the firs