Paramount Initiates Layoffs Affecting 1,000 Employees Post-Merger with Skydance; Eyes Potential Warner Bros. Discovery Acquisition
Paramount is laying off nearly 10% of its workforce, encompassing 2,000 jobs, following an $8 billion merger with Skydance. CEO David Ellison has addressed the layoffs as a tough but necessary decision.
Amgen and Gilead Sciences Invest $1.5 Billion in California, Bolstering State's Position as Life Sciences Leader
Amgen and Gilead Sciences announce investments in California, bolstering its position as a life sciences leader, potentially adding jobs and contributing to the state's economy.
Santa Monica Council Greenlights RAND Corp's Revitalization Plan with Retail and Dining Options
Santa Monica City Council approved an updated development agreement allowing RAND Corporation's site to diversify with retail and dining options, reflecting hybrid work trends. RAND pledged $5.5 million to the city's General Fund.
California Boosts Film Industry with $750 Million Tax Credit Expansion, Gov. Newsom Predicts $1.1 Billion Economic Surge
California Governor Gavin Newsom approves a boost to the state's Film and Television Tax Credit Program, now totaling $750 million, potentially generating $1.1 billion in economic output and 6,700 jobs.












