Paramount Skydance Corporation is cutting nearly 1,000 jobs, with layoffs eventually reaching 2,000 roles post-merger. CEO David Ellison announced the restructuring, citing $2 billion in cost synergies. The move aims to address redundancies and realign priorities for long-term success. The company has recently made significant deals, including attempts to acquire Warner Bros. Discovery. Previous layoffs occurred in 2024 and June 2025 amidst industry-wide challenges.

Read more at CNBC: Paramount to lay off 1,000 employees, with more cuts expected