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Paramount's Restructuring: A Major Shift in Hollywood
In a major shake-up within the entertainment industry, Paramount is preparing for significant layoffs as part of a broader consolidation plan aimed at overhauling its television operations. Amid ongoing financial struggles and a shifting television landscape, this restructuring is not only essential for Paramount's survival but is also reflective of a larger trend affecting Hollywood as companies adjust to the realities of streaming and changing audience preferences.