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'lay off'

Paramount to cut 1,000 jobs Wednesday in first round of layoffs

SUMMARY

Paramount Skydance Corp. will lay off 1,000 employees starting Wednesday, with a second round of layoffs expected later. The total layoffs could reach around 2,000. This decision follows the merger of Paramount Global and Skydance Media in August. New management intends to cut costs and restructure the company.


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