Paramount to lay off 2,000 workers
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"This restructuring marks a pivotal step in shaping the path forward," co-chairs Dana Goldberg and Josh Greenstein say.
Layoffs have been expected since the industry-changing merger put CEO David Ellison in charge of the newly formed Paramount, a Skydance Corporation, in August.
Paramount Skydance CEO David Ellison has been moving fast to transform the company into something he promises will be leaner and more agile, which could make it unrecognizable.
Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer.