Paramount Announces Major Job Cuts Amid Restructuring
TL;DR Summary
Paramount has begun significant layoffs, cutting about 2,000 jobs (10% of its workforce) as part of a restructuring effort following its merger with Skydance, aimed at building a stronger, future-focused company and achieving $2 billion in cost savings. CEO David Ellison emphasized the need for these changes to position Paramount for long-term success amid ongoing industry consolidation and strategic shifts.
Topics:top-news#business#ceo-david-ellison#company-restructuring#cost-cutting#merger#paramount-layoffs
- Paramount Layoffs Begin; CEO David Ellison Says Cuts Are Key To Building “Strong, Future-Focused Company” Deadline
- Paramount Skydance to cut more than 1,000 employees NBC News
- Paramount Lays Off Thousands of Workers, Including at CBS The Wall Street Journal
- Paramount to slash approximately 1,000 jobs in brutal round of layoffs Fox Business
- Paramount to Lay Off 2,000 Employees The New York Times
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