Paramount shutters television studio, begins major layoffs ahead of Skydance merger
LA TimesIn a huge round of layoffs, Paramount Global began notifying employees Tuesday that their jobs were being eliminated. Paramount Global announced Tuesday that it was shuttering one of its television studios, part of a round of deep staff cuts aimed at eliminating nearly 2,000 jobs by year’s end as the company prepares for a new ownership regime. “A short time ago, we informed the team at Paramount Television Studios that the studio will cease operations at the end of the week,” Paramount co-Chief Executive George Cheeks wrote in a note to staff members. Paramount Television Studios produces such streaming shows as “Reacher” for Amazon‘s Prime Video, “The Spiderwick Chronicles” for the Roku Channel, “13 Reasons Why” for Netflix and “Station Eleven” for Warner Bros. “Although Paramount Television Studios is ending, our ethos will live on in shows that will continue to be enjoyed by global audiences for years to come,” Clemens wrote in a note to staff members.
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