Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.

The announcement that Texas filmmaker Taylor Sheridan is exiting his longtime home at Paramount for NBCUniversal sent shockwaves through the entertainment industry. Sheridan has been the most prolific maker of streaming television,

Paramount has initiated its first major round of layoffs following the company’s merger with Skydance, and the David Ellison regime has cut a number of executives across its television divisions. Paramount’s linear broadcast and cable networks were hit hard,