Paramount Global (PARA.O) will continue reducing the size of its workforce until its merger with Skydance Media closes, the company’s co-CEOs said in a memo seen by Reuters on Sunday, hours after the companies announced the deal.
Paramount will also look to divest some of its assets, co-CEOs Brian Robbins, George Cheeks and Chris McCarthy said in the memo.
“Until the transaction closes, it’s business as usual – we will continue to operate as an independent company and move forward with the strategic plan we outlined at our town hall,” they said.
https://www.financialexpress.com/business/brandwagon-paramount-to-continue-job-cuts-until-skydance-deal-closes-memo-says-3549170/