The Double Whammy Of The CBS, Warner Brothers Mergers Will Be A Layoff Nightmare

You might recall that Paramount and CBS had only just started to lay off workers in the wake of the merger with David Ellison’s Skydance. Now, after Ellison (or more accurately his dad and the Saudis) dramatically overpaid for Warner Brothers ($111 billion plus numerous incentives), the overall debt load at the company is so massive, it could make past Warner Brothers chaos seem somewhat charming:

“The deal is tied up with so much debt that it virtually guarantees layoffs the likes of which Hollywood hasn’t seen before.