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Paramount TV Studios Shutting Down in Restructuring

Projects at the Nicole Clemens-led unit will move under the CBS Studios umbrella.

Paramount announced last week that it would lay off 15 percent of its U.S. employees — on top of about 800 layoffs six months ago — as part of an effort to save $500 million in costs ahead of a planned merger with Skydance. Cheeks and fellow CEOs Brian Robbins and Chris McCarthy told staff earlier Tuesday that layoffs would begin that day and take place in three phases over the remainder of the year. We’ve cemented our legacy by shepherding some of the most influential, award-winning, and critically acclaimed shows in the streaming era with series like “13 Reasons Why,” “The Offer,” “Defending Jacob,” “The Alienist,” “The Haunting of Hill House,” “Station Eleven,” “Time Bandits,” and many more.

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