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Paramount Skydance, the media conglomerate that owns CBS News, plans to lay off about a thousand employees on Wednesday in a bid to cut costs. After its controversial mergerAccording to reports.
The iconic entertainment company merged with film and TV producer Skydance in August after paying President Donald Trump $16 million to settle a lawsuit that its own lawyers called “meritless.” What some critics described as “bribery” to obtain regulatory approval,
Merger brings CBS News, Paramount Pictures, MTV and Paramount+ steaming networks Under the control of David Allisonson of Trump-supporting tech billionaire (and second-richest person on Earth) Larry Ellison,
Now, insiders have told Bloomberg And deadline The first round of long-awaited layoffs, affecting about a thousand employees, mostly in the US, will begin this week – with another thousand to be laid off in the near future.
That would be about 11 percent of its reported 18,600 full- and part-time employees, not including its 3,500 project-based employees.
After the merger, Paramount chairman Jeff Shell said, “We don’t want to be a company that has layoffs every quarter. So, it’s going to be painful.”
comes after this CBS Evening News Anchor John Dickerson announces he is leaving Network at the end of the year, be the first Took a dig on-air at the settlement of the Trump lawsuit,
CBS News staff told Independent Citing this, it seemed as if the network’s new management “wanted it to fail”. Free Press founder and anti-woke firebrand Bari Weiss has just been installed as editor in chief.,
Since Ellison’s takeover of Paramount in August, CBS News has been undergoing a restructuring, which has sparked criticism that the 42-year-old executive is shifting the network’s coverage to the right to appeal to the president.
In addition to hiring Contradictory to “radically centrist” Weiss and her “heterodox” digital outlet are buying up The Free PressAlison has installed A former Trump man appointed as ombudsman to address “bias complaints” at CBS News revamp face the nation editing rules After complaints from the White House.
Independent Paramount has sought comment from Skydance.