Paramount Skydance to eliminate 2,000 US jobs – report
by Reuters from on (#70VEM)
Layoffs follow $8.4bn merger between Skydance Media and Paramount Global in August
Paramount Skydance will begin mass layoffs the week of 27 October, eliminating about 2,000 US jobs as part of a $2bn cost-cutting plan under new chief executive David Ellison, Variety reported on Saturday.
The layoffs follow the $8.4bn merger between Skydance Media and Paramount Global, which closed in August.
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