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Skydance bosses confirm layoffs coming after Paramount-Warner Bros. merger

Original: paramount skydance

Skydance executives have told staff that layoffs will follow the merger of Paramount and Warner Bros., according to a memo reported by Variety. The acknowledgment confirms fears among employees at both media companies as the deal moves toward combining two of Hollywood's biggest studios. Attention is now on how deep the job cuts will go and which divisions will be hit first.

Why now: The newly confirmed Paramount-Warner Bros. merger is expected to bring major job cuts, making it the top media story right now.

ParamountWarner Bros.SkydanceVariety

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Evidence

• Skydance CEOs Acknowledge Layoffs Will Be Coming After Paramount-Warner Bros. Merger: Read the Full Memo · Variety

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