All articles tagged with #ceo david ellison
Paramount Skydance expects an additional $1 billion in merger savings, with CEO David Ellison investing heavily in streaming and content, leading to layoffs and planned price increases for Paramount+ to enhance content and technology, as part of its post-merger strategy.
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.