Paramount Skydance to cut 2,000 jobs week of…
Paramount Skydance will start mass layoffs the week of October 27, eliminating around 2,000 U.S. jobs as half of a $2 billion cost-cutting plan under new CEO David Ellison, Variety reported on Saturday.
The layoffs observe the $8.4 billion merger between Skydance Media and Paramount Global, which closed in August.
Additional worldwide job cuts are anticipated, with the company aiming to disclose full particulars in its third quarter earnings report on November 10, the report added.
Paramount Skydance will start mass layoffs the week of October 27, eliminating around…
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