The recent layoffs come in the wake of an $8.4 billion merger with Skydance Media. This significant business move marks a major shift for the company, leading to strategic restructuring efforts. The integration with Skydance Media aims to enhance capabilities and drive growth in a competitive market.
https://www.inc.com/kaylawebster/paramount-skydance-to-cut-2000-us-jobs-starting-week-of-october-27/91253875
