Paramount is shutting down its TV studio as part of a new wave of layoffs

Image: Paramount Ahead of its upcoming merger with Skydance Media, Paramount is winding down its TV production studio as part of a larger restructuring effort that will put 15% of its current workforce out of jobs.
In a memo sent to employees today and obtained by The Hollywood Reporter, Paramount TV head Nicole Clemons and Paramount co-CEO George Cheeks announced that Paramount Global is shuttering the studio. Clemens, who joined Paramount in 2018 following former exec Amy Powell’s sudden