Staff at both companies gird for mass layoffs
2 Sep 22 12:35 PM · 1d ago · 5 posts · 2 sources · development 2 of 2
Following the settlement, insiders at Warner Bros. Discovery and Paramount Skydance are reportedly preparing for what is described as inevitable mass layoffs.
“Insiders at Warner Bros. Discovery and Paramount Skydance were surprised by the settlement with the state AGs. Now they're gearing up for layoffs.”
Michael SchneiderWarner Bros. Discovery Media companyParamount Skydance Media companyState Attorneys General Government regulators
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What was reported 1 claim about this development
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first by Mastodon, 1d ago · also Variety
What people said 2 voices · verbatim
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There’s been so much talk of productions with this merger which will no doubt get hit, but a lot of people overlook that most people at these companies and most likely to be effected are support staff like HR, IT, Marketing, Distribution, legal etc. It doesn’t get enough attention because it’s not as flashy as garunteed 5 productions in LA or $30m…
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That's a false choice. There also exists the most probable scenario that they would prefer not to move, because of cost and logistics, but they prefer owning WB more. They are willing to spend the money it takes to own WB, but they aren't going to just spend it for no reason. They already paid the $3 billion termination clause to cancel the deal…
All 2 developments of Paramount, Warner Bros. Discovery Insiders Brace for… →
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