Paramount and Warner Bros Discovery merge, layoffs announced for integration

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Paramount Skydance and Warner Bros Discovery merged on October 6 to form Skydance Corp. The new entity combines studios including HBO, CBS, and Nickelodeon. Company executives David Ellison and Ynon Kreiz informed employees of upcoming layoffs via memo. The layoffs are intended to support integration efforts for the combined company. Leadership aims to build a competitive media firm focused on creativity and technology.

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