Mayer warns $6 billion Paramount-Warner Bros savings mean layoffs

Former Disney executive Kevin Mayer said $6 billion in promised synergies from a Paramount-Warner Bros merger is a euphemism for many layoffs, Deadline reported. Mayer, co-CEO of Candle Media since 2021, spoke at the Zurich Summit, Deadline reported. Synergies is industry shorthand for savings from combining operations, often through job cuts.