Paramount Layoffs Underway: CEO David Ellison Says Cuts Are ‘Necessary' for Company's Long-Term Success

Paramount Skydance, aiming to get leaner and meaner, today is laying off about 1,000 employees, mostly in the U.S. David Ellison, chairman and CEO of Paramount, sent employees a memo about the companywide cuts, saying “these steps are necessary to position Paramount for long-term success.” “We want to be as open and direct as possible […]