Los Angeles County has released a 60-day interim report estimating that about 2,495 local positions could be exposed to workforce impacts if Paramount Skydance’s proposed acquisition of Warner Bros. Discovery moves forward.
The report was produced by the county’s Department of Economic Opportunity, the LA County Film Office and the Chief Executive Office, with analysis by Los Angeles-based consulting firm CVL Economics. It found the county has the largest concentration of overlapping functions between the two companies. Officials cautioned the figure is not a layoff forecast but identifies the roles most immediately exposed to consolidation.
The analysis said the combined company would carry roughly $82 billion in gross debt and pursue more than $6 billion in projected savings, increasing pressure to consolidate corporate operations, technology systems, real estate and administrative functions…