Paramount-WBD Deal Architect Gerry Cardinale Says Most Of $6B In Expected Cost Savings Will Not Be Layoffs

Gerry Cardinale, Paramount board member and principal architect of the company’s imminent merger with Warner Bros. Discovery, insists that most of the deal’s cost savings will not come from layoffs. The company has promised investors it will deliver $6 billion in cost savings from the $110 billion transaction, but Cardinale maintains that non-labor costs will […]