If California’s radical Attorney General chases Paramount Studios to Texas, there will be a loss of tens of thousands of jobs, but even if Paramount stays, its acquisition of Warner Bros. Discovery will still mean a loss of thousands of jobs in Hollywood over the next three years.
It’s a common practice for mergers between two large companies to result in some job loss as the new conglomerate sorts through its divisions to put redundant or duplicate jobs on the chopping block. And according to The Wrap, even if this merger does go through, it will mean a loss of at least 4,500 jobs for Los Angeles.
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