Paramount Skydance to slash 1,600 more jobs after…
Paramount Skydance said it’ll make $1.5 billion in programming investments next yr, as it forecast fourth-quarter income above Wall Street estimates, in its first quarterly outcomes for the mixed company since the completion of the $8.4 billion merger.
Shares of the company have been up 2.5% in trading after the bell.
The company said it’ll also cut about 1,600 jobs as half of a strategic review, in addition to the 1,000 staff it laid off in late October.
Paramount Skydance reported third-quarter income of $6.7 billion below analysts’ estimates of$6.97…
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