The Brief

Paramount Skydance is laying off 2,000 people across its TV, film, streaming and corporate divisions, cutting the company’s workforce by about 10%, according to Variety .

What we know:

The first round of roughly 1,000 layoffs came Wednesday, with a second round expected to follow.

What we don't know:

It’s unclear when the second round of layoffs will happen. Paramount Skydance wasn’t immediately available for comment.

Paramount layoffs

What they're saying:

"We want to be as open and direct as possible about the reasons behind these changes," CEO David Ellison said in the memo, according to Variety. "In some areas, we are addressing redundancies that have emerged across the organization. In others, we are phasing out roles that are no longer aligned with our evolving

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