Paramount Skydance Mass Layoffs to Start Week of Oct. 27
NegativeEntertainment

Paramount Skydance is set to implement significant layoffs starting the week of October 27, as confirmed by Variety. This move comes under the leadership of David Ellison, who aims to cut costs by over $2 billion. The job cuts were anticipated even before the Skydance Media-Paramount Global deal was finalized, highlighting the challenging environment in the entertainment industry. These layoffs not only impact the employees directly but also reflect broader trends in the sector, where companies are increasingly looking to streamline operations.
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