Paramount Global starts cutting 2K jobs ahead of Skydance merger

Paramount Global began a massive culling Tuesday that aims to whack 2,000 jobs as the struggling entertainment giant readies to complete a merger with film studio Skydance Media, the company said. Paramount's three co-chief executive officers circulated a memo to staffers indicating that the job cuts would be carried out in three phases and would continue throughout the rest of the year. It is anticipated that 90% of the job cuts would be completed by the end of next month, according to the memo obtained by ...