WBD employees fear coming wave of job losses as Paramount tops Netflix’s bid to acquire company

The [Warner Bros. Discovery](https://www.cnbc.com/quotes/WBD/) board may have enriched its shareholders Thursday when it chose [Paramount Skydance](https://www.cnbc.com/quotes/PSKY/)’s [acquisition offer](https://www.cnbc.com/2026/02/26/warner-bros-discovery-paramount-skydance-deal-superior-netflix.html) over [Netflix](https://www.cnbc.com/quotes/NFLX/)’s, but it also terrified a lot of its employees.

While some of those people own WBD shares and may prefer the financials of Paramount’s [$31-per-share bid](https://www.cnbc.com/2026/02/24/warner-bros-discovery-paramount-higher-bid-netflix.html) to Netflix’s $27.75-per-share [offer](https://www.cnbc.com/2026/02/17/netflix-wbd-waiver-deal-talks-paramount-skydance.html), CNBC spoke to 10 WBD employees in a variety of different roles at the company. All 10, who asked not to be named for fear of potential backlash, expressed concerns about potential job losses and questions of who would ultimately run their divisions if [Paramount and WBD](https://www.cnbc.com/2025/12/08/paramount-skydance-hostile-bid-wbd-netflix.html) are eventually merged.

Read more: [https://cnb.cx/3OGY7u6](https://cnb.cx/3OGY7u6)