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The Independent UK
The Independent UK
World
Io Dodds

CBS parent company Paramount Skydance to cut 1,000 jobs this week in first round of layoffs: reports

Paramount Paramount Skydance CBS Skydance CBS News Bari Weiss David Ellison Donald Trump Larry Ellison John Dickerson

Paramount Skydance, the media conglomerate that owns CBS News, plans to lay off roughly a thousand employees on Wednesday as it seeks to cut costs following its controversial merger, according to reports.

The venerable entertainment company fused with movie and TV producer Skydance in August after paying President Donald Trump $16 million to settle a lawsuit its own lawyers had called "meritless", in what some critics described as "bribery" to secure regulatory approval.

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