MTV, Paramount and Ridiculousness
Digest more
Call of Duty, Paramount and Yellowstone
Digest more
A number of television executives have been affected by the major round of layoffs at Paramount, the first since the company was established by the $8.4 billion merger of Paramount Global and Skydance in August.
The new structure comes as the media giant is laying off 1,000 employees, with more cuts to come at a later date
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.
About 1,000 roles are expected to be impacted this week, ahead of the new owner's first earnings call as Paramount CEO in November.
Paramount has signed a 10-year lease to occupy a production facility currently under construction in New Jersey. The move will allow the media company to qualify for the state's tax incentives.
Paramount Skydance is laying off about 1,000 employees. Chairman and CEO David Ellison sent employees a memo about the companywide cuts.
12hon MSNOpinion
Paramount's No Good Very Bad Week
A top talent jumping ship, massive layoffs, Warner Bros. rejecting an acquisition bid, a messy shakeup at CBS News. David Ellison's golden age for Paramount has sailed into some choppy waters.
As Paramount begins cleaning house under new CEO David Ellison, Paramount Animation‘s President Ramsey Naito is the latest to step down from the company. Below is her note to staff this evening: Team,