Paramount Slashes 1,000 Jobs as New CEO Eyes $60 B Warner Bros. Takeover
Just two months after Skydance Media’s $8+ billion takeover of Paramount Global, the combined company – now Paramount Skydance Corp. – is undertaking one of the entertainment industry’s largest recent staff reductionsreuters.comtheguardian.com. On Wednesday, CEO David Ellison kicked off the first phase: roughly 1,000 layoffs across U.S. operations spanning film, TV, streaming, and corporate unitsreuters.com. Additional cuts bringing the total to about 2,000 jobs eliminated are expected in the coming weeksabcnews.go.com.