A large number of New Yorkers are looking for a new job.

The layoffs come after a major company announced a merger.

Paramount Global Laying Off Over 1,160 Workers

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Paramount Global is laying off 15 percent of its employees

According to a New York State Worker Adjustment and Retraining Notification (WARN) notice, Paramount Global confirmed plans to lay off 1,168 employees in New York State.

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The majority of the impacted New Yorkers work on Broadway in New York City, according to the WARN notice.

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Below are the impacted sites and a number of employees:

  • Address: 1515 Broadway, New York, NY 10036
    Number of Affected Employees at Site: 1,031
  • Address: 513 W. 57th Street, New York, NY 10019
    Number of Affected Employees at Site: 9
  • Address: 518 W. 57th Street, New York, NY 10019
    Number of Affected Employees at Site: 2
  • Address: 524 W. 57th Street, New York, NY 10019
    Number of Affected Employees at Site: 57
  • Address: 530 W. 57th Street, New York, NY 10019
    Number of Affected Employees at Site: 13
  • Address: 555 W. 57th Street, New York, NY 10019
    Number of Affected Employees at Site: 53
  • Address: 51 W 52nd St, New York, NY 10019
    Number of Affected Employees at Site: 2
  • Address: 1697 Broadway, New York, NY 10019
    Number of Affected Employees at Site: 1

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Many employees were informed at the end of September, according to the WARN notice.

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Over the summer, Paramount executives said it was at an inflection point where changes must be made to strengthen the company.

Executives announced plans to cut $500 million from the company's budget and agreed to merge with Hollywood heavyweight Skydance.

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