Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery could lead to devastating bloodshed for Hollywood’s economy, according to a new report from Los Angeles County.

The merger between the two legacy studios puts about 2,500 jobs in the county and 6,000 globally at potential risk, the County Department of Economic Opportunity calculated.

Corporate, tech and real estate jobs are potentially in jeopardy given duplicative roles across the two companies. The combined studios are under pressure to deal with an “unusually high” $82 billion debt burden, and $6 billion in savings are eyed by consolidating roles and functions.

Much of that will heavily impact Los Angeles County, the report said.

“The findings reinforce what workers, employers, and small businesses have been telling us for years: our entertainment economy remains in a fragile recovery period,” said department director Kelly LoBianco.

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