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22 days agoParamount-Skydance to slash 2,000 US jobs in $2 billion cost restructure
Paramount-Skydance announced plans to eliminate 2,000 jobs across the US as part of a $2 billion restructuring effort led by CEO David Ellison. The move follows the merger’s completion earlier this month and is aimed at streamlining operations, reducing duplication, and accelerating studio synergies. Layoffs will span film, TV, and distribution units, marking one of Hollywood’s largest cost-saving drives this decade. Analysts expect Paramount to focus on digital streaming and franchise content post-restructure.
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
negative
22 days agoParamount-Skydance to slash 2,000 US jobs in $2 billion cost restructure
Paramount-Skydance announced plans to eliminate 2,000 jobs across the US as part of a $2 billion restructuring effort led by CEO David Ellison. The move follows the merger’s completion earlier this month and is aimed at streamlining operations, reducing duplication, and accelerating studio synergies. Layoffs will span film, TV, and distribution units, marking one of Hollywood’s largest cost-saving drives this decade. Analysts expect Paramount to focus on digital streaming and franchise content post-restructure.
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
22 days ago
1 min read
73 words
Paramount-Skydance will cut 2,000 US jobs in a $2 billion restructuring to streamline operations and shift focus to digital and franchise content.
Paramount-Skydance announced plans to eliminate 2,000 jobs across the US as part of a $2 billion restructuring effort led by CEO David Ellison. The move follows the merger’s completion earlier this month and is aimed at streamlining operations, reducing duplication, and accelerating studio synergies. Layoffs will span film, TV, and distribution units, marking one of Hollywood’s largest cost-saving drives this decade. Analysts expect Paramount to focus on digital streaming and franchise content post-restructure.
Paramount-Skydance announced plans to eliminate 2,000 jobs across the US as part of a $2 billion restructuring effort led by CEO David Ellison. The move follows the merger’s completion earlier this month and is aimed at streamlining operations, reducing duplication, and accelerating studio synergies. Layoffs will span film, TV, and distribution units, marking one of Hollywood’s largest cost-saving drives this decade. Analysts expect Paramount to focus on digital streaming and franchise content post-restructure.
Companies:
Paramount
Skydance Media
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Paramount
Skydance
Paramount
Skydance
Hollywood
layoffs
media
Oct 19, 2025 • 18:58 IST