Paramount Layoffs Begin; CEO David Ellison Says Cuts Are Key To Building “Strong, Future-Focused Company”

Paramount lays off 1,000 workers in first round of cuts

Paramount on Wednesday began cutting about 1,000 employees, the first wave of a deep staff reduction planned since David Ellison took the helm of the entertainment company in August.

Paramount to lay off 2,000 workers shortly after merging with Skydance

Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.

Paramount begins 2,000-person layoff amid Skydance merger fallout

Paramount is the latest company to join the bloodbath of layoffs this week.  The entertainment giant began cutting around 1,000 workers on Wednesday, with twice that many pink slips expected in the days to come. In a memo to staff, new Paramount CEO David Ellison characterized the reductions, which will ultimately shrink the company by 10%, as a necessary step for the company’s long-term growth. “In some areas, we are addressing redundancies tha…

Paramount Skydance set to lay off about 1,000 employees

(NBC, KYMA) - Paramount Skydance is laying off more than 1,000 workers, according to a memo from CEO David Ellison. In the memo, Ellison said the company is "phasing out roles that no longer align with the company's evolving priorities" and said, "The steps are necessary to position Paramount for long-term success." The company informed staff about the layoffs Wednesday morning, and Ellison also warned that more layoffs are still to come. The cu…

Paramount to lay off 2,000 employees shortly after its merger with Skydance

In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees.

Paramount to lay off 1,000 employees, with more cuts expected

Paramount Skydance told employees on Wednesday it was beginning a round of layoffs.