Paramount to slash approximately 1,000 jobs in brutal round of layoffs

Paramount will slash roughly 1,000 jobs on Wednesday, Fox News Digital has confirmed.  A headcount reduction has been expected since Paramount Global and Skydance merged earlier this year, putting CEO David Ellison in charge of the newly formed Paramount, a Skydance Corporation. Sources familiar with the situation said that "approximately" 1,000 positions will be cut as layoffs begin. The cuts will be company-wide, and primarily impact staffers based in the United States. BARI WEISS JOINS CBS NEWS AS EDITOR-IN-CHIEF, PARAMOUNT BUYS FREE PRESS FOR $150 MILLIONParamount declined comment when rea