Paramount to lay off 2,000 employees shortly after its merger with Skydance

AP Business Writer (AP) — In long-awaited cuts just months after completing , Paramount has begun layoffs set to impact about 2,000 employees.

Paramount initiated roughly 1,000 of those layoffs company-wide on Wednesday, according to a source familiar with the matter, who spoke on the condition of anonymity because they weren't authorized to publicly comment on behalf of the company. The rest of the cuts will be made at a later date, they said.