MTV, Ridiculousness and Paramount
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A number of television executives have been affected by the major round of layoffs at Paramount, the first since the company was established by the $8.4 billion merger of Paramount Global and Skydance in August.
The changes come as Skydance TV and the former MTV Entertainment and Showtime groups come under the Paramount TV Studios banner, led by Matt Thunell.
Paramount Skydance is laying off about 1,000 employees. Chairman and CEO David Ellison sent employees a memo about the companywide cuts.
Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer.
Lisa Ling is one of the CBS News personalities that have been cut from the network amid the massive layoffs at Paramount following its acquisitionn by Skydance.