Paramount, the parent company of CBS, is set to lay off approximately 2,000 employees, with the first phase involving 1,000 job cuts confirmed for Wednesday. CEO David Ellison stated that these layoffs are a necessary step to address evolving priorities and build a stronger, future-focused company. This round of layoffs comes just months after the company’s merger with Skydance, and additional cuts could follow. Reports indicate that the reductions will also impact the global workforce, including employees in Africa, as Paramount aims to position itself for long-term success amidst challenging industry conditions.