Entertainment
Paramount to lay off 2,000 workers shortly after merging with Skydance
In widely expected job cuts after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees.
Paramount initiated roughly 1,000 of those layoffs companywide on Wednesday (Paramount Skydance owns CBS News.) The rest of the cuts are expected to be made at a later date. In all, 2,000 job reductions amount to about 10% of Paramount’s total workforce.
“These decisions are never made lightly, especially given their effect on our colleagues who have made meaningful contributions to the company,” CEO David Ellison wrote Wednesday in a memo to employees.
The prospect of job cuts has hovered over Paramount employees for some time. Ellison on Wednesday reiterated that the company has been working to restructure since the completion of its merger in August, and noted that workforce cuts are “part of that process.”
It’s not uncommon for businesses to initiate layoffs following a merger. When Skydance completed its purchase of Paramount, the combined company said it would look for “opportunities to streamline its business.” Paramount is also rumored to have interest in buying Warner Bros. Discovery, the home of HBO, CNN and DC Studios, among other brands.
Neither Paramount nor Warner has publicly confirmed talks. But Warner earlier this month signaled that it may be open to selling all or parts of its business in light of “unsolicited interest” it said it had received from multiple parties. The company has reportedly been resistant to Paramount’s initial approach. According to CNBC, which cited anonymous sources, Warner had rejected three offers from Paramount as of last week.
Prince Harry is warning parents against posting their kids’ photos on social media.
Speaking to Hasan Minhaj in a recent interview, the Duke of Sussex spoke about the increase in cyber crime and the vices of social media.
“Parents can do whatever they want,” Harry responded.
“But from what I’ve seen, what I’ve heard, what I’ve experienced, is you should be really really worried, concerned and cautious about putting photographs of your kids online.
“Especially now, with this surge of unregulated AI. You don’t know where it’s going to go, how it’s going to be used,” he noted.
Harry added: “But that’s also really sad. There’s parents watching this asking ‘well how am I supposed to share photos with people across the world’.”
Amanda Seyfried is full of praise for her The Housemaid co-star Sydney Sweeney.
In a recent chat with PEOPLE Magazine, Seyfried shared that she and Sweeney have developed a close friendship while working together, even keeping in touch through a text chain.
“I think she’s beautiful and fun,” Seyfried said.
“And we definitely love what we do, and we love the project so much, so it’s infectious. We saw the movie and we both loved it.”
The Mamma Mia! star added that the two recently reunited to promote the film.
“We were just together last week because we’re doing a lot of promotion for The Housemaid movie,” she said.
“It’s really crazy timing.”
Seyfried also pointed out that their individual indie films are premiering within hours of each other.
“Our independent movies are premiering the same day, within hours of each other,” she shared.
In Seyfried’s other film, The Testament of Ann Lee, she played Shakers founder Ann Lee, described as “one of the most important religious figures in pre-Revolutionary America.”
The movie explores “the profound childhood and early adult traumas that impacted her psychology and shaped her influential religious views.”
Meghan Markle on Wednesday took to social media to share some pictures taken at the World Series game between the LA Dodgers and Toronto Blue Jays.
The Duchess of Sussex shared a couple of photos to her Instagram stories with caption saying, “About last night, Dodger’s Game.”
The picture also featured her husband, Prince Harry.
In the second photo, Meghan Markle is seen eating a sandwich while suppressing a smile. “Date night,” she wrote on her photo.
Meanwhile, the US media reported that Prince Harry and Meghan Markle were booed by the crowd as the couple appeared on the screen in the stadium.
The Duke of Sussex managed to force a smile but looked visibly uncomfortable.
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