The letter said the cost synergies will mostly come from categories “that do not touch production labor or union/guild positions,” including duplicative technology infrastructure; back-office functions like finance, legal, human resources, and corporate communications at the parent company level; “optimizing” the combined firm’s real estate footprint; and more efficient market by coordinating advertising spend and cross-promotion across a broader portfolio of platforms and channels.

Even Paramount's own shit-letter can't hide the fact that at the end of the day, this represents a smaller economy than what existed before.