Paramount Skydance to slash 1,000 jobs this week in first wave of mass layoffs
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Paramount Skydance will begin firing 1,000 employees on Wednesday — the first phase of sweeping layoffs that will ultimately eliminate about 2,000 positions as CEO David Ellison pushes to trim $2 billion in costs. The firings mark the first major restructuring since Skydance Media completed its $8.4 billion merger with Paramount Global in August, creating a new Hollywood giant under Ellison’s control. Bloomberg reported Monday that the initial cuts will hit 1,000 staffers . A person familiar
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