Paramount Cuts 1,600 More Jobs as Part of Plan to Save $3B

Well two very similar companies merged. Can you imagine how they might have had A LOT of similar roles? Think departments like HR, Legal, Accounting, Finance, IT, etc.

So much duplication. You don’t need 2x those groups just because you 2x’d the company.

Additionally Paramount’s film slate is a fraction of what it was 10-20 years ago. So yes it just doesn’t take as many people to put out 1/3 of the movies each year.