Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison ...

"We are addressing redundancies that have emerged across the organization" and "phasing out roles that are no longer aligned ...

The widely anticipated layoffs come just months after the Trump administration greenlit the creation of the company following ...

The restructuring comes two and a half months after David Ellison's Skydance Media completed its acquisition of Paramount.

About 1,000 roles are expected to be impacted this week, ahead of the new owner's first earnings call as Paramount CEO in ...

David Ellison, whose Skydance bought the media conglomerate this summer for $8 billion, announces move “addressing redundancies.” ...

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

After hustling for decades to get to the big stage, Zaslav is eager to prove critics wrong and complete a turnaround after ...

In the memo, CEO David Ellison said the company is "phasing out roles that no longer align with the company's evolving ...

"We are phasing out roles that are no longer aligned with our evolving priorities and the new structure designed to ...

Paramount will cut about 2,000 jobs, or 10% of its workforce, as CEO Ellison restructures the company after its merger with ...

In early August, on the day when the bruising and drawn-out merger of Paramount and Skydance was completed, Chief Executive David Ellison promised "far-reaching changes" that would make the company ...