Paramount Skydance employees are facing a broad across-the-board culling under David Ellison’s new management regime the week of Oct. 27, Variety has confirmed.
Major job cuts have been expected even before the Skydance Media-Paramount Global deal closed, as part of Ellison and his team’s goal of slashing upwards of $2 billion in costs. Previously, the company had been targeting layoffs by early November. The new round of cuts is expected to eliminate around 2,000 jobs in the U.S., with additional layoffs internationally.
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At an Aug. 7 press conference in New York, just hours after the $8 billion Skydance-Paramount merger officially closed,
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