Report

Skydance CEOs acknowledge coming layoffs after Paramount–Warner Bros. merger

Variety reports that executives are targeting more than $6 billion in annualized cost savings over three years, partly through layoffs.

2 Sources, 2h ago, first seen 2h ago

TLDR

Variety reports that Skydance CEOs David Ellison and Ynon Kreiz acknowledged coming layoffs in a memo after the Paramount–Warner Bros. merger closed. Executives are targeting more than $6 billion in annualized cost savings over three years, partly through layoffs, but have not specified how many jobs they expect to cut. Variety cites a Los Angeles County report saying the merger could cost some 4,500 film and TV jobs in L.A. over three years.

Combined views

30.2K

2 Sources, first seen 2h ago

385 likes37 comments84 saves97 reposts

Report

Skydance CEOs acknowledge coming layoffs after Paramount–Warner Bros. merger

Variety reports that executives are targeting more than $6 billion in annualized cost savings over three years, partly through layoffs.

2 Sources, 2h ago, first seen 2h ago

TLDR

Today's Rank

#15

Combined views

30.2K

2 Sources, first seen 2h ago

385 likes37 comments84 saves97 reposts

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Featured Source