Paramount to lay off 1,000 employees, with more cuts expected
Update: 2025-10-29
Description
Paramount Skydance, following their merger, announces significant layoffs, affecting nearly 2000 employees across various divisions. CEO David Ellison emphasizes a 'future-focused' organization, citing overlapping roles and shifting priorities. This move reflects a broader trend in the media industry, as companies grapple with declining advertising revenues and changing viewer habits.
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