July 10 (Reuters) - CBS News President Ingrid

Ciprian-Matthews will step down from her role amid a shakeup at

media giant Paramount Global ( PARAA ), which is set to merge with

Skydance Media, according to internal memos seen by Reuters.

Ciprian-Matthews, who was named as the president of

Paramount's news unit in August last year, will serve

as a senior adviser for coverage of the 2024 presidential

election until her departure from the company, the memos said.

The departure underscores a period of change at the company,

which had said it will continue reducing the size of its

workforce until its merger with Skydance Media closes, Reuters

reported earlier in July.

"We all know our industry and company are going through a

transformation and a number of short- and long-term decisions

need to be made," Ciprian-Matthews said in a company-wide email

seen by Reuters.

As a part of the merger deal, debt-laden Paramount is aiming

for about $2 billion in annual savings, with restructuring and

integration costs set to reach $1.6 billion.

Ciprian-Matthews joined CBS News in 1993, prior to which she

was the managing editor of CNN's New York bureau.

A new president of CBS News was not immediately named.