Paramount Skydance Layoffs Spark Concerns Amid Economic Troubles and Political Influence
Paramount Skydance initiated a significant round of layoffs, impacting over 1,000 employees initially with plans for more, totaling about 10% of its workforce. CEO David Ellison cited a restructuring to align with new priorities following the controversial merger greenlit by the Trump administration. The company, now worth approximately $18 billion, owns major media properties like CBS and Nickelodeon. Amid these cuts, Ellison is pursuing a deal with Warner Bros. Discovery while also shaping the company’s editorial direction to focus on “American storytelling.”
John Q. Hosedrinker