After the merger, Paramount warns that it will have to perform layoffs

After spent more than $ 9 billion for recent acquisitions, including UFC and creators South Park – Paramount, now under the command of David Ellison, prepares deep cuts to save at least $ 2 billion, as reported by Expiration.

On Wednesday the president of the company, Jeff Shell, said that the layoffs will occur immediately to prevent the practice of quarterly cuts. “It will be painful, but we don’t want to be a company that always lights up,” he said in a clear criticism of the former management.

Employees will be communicated first

Transparent leadership

Previously, in a meeting with about 18,000 paramount employees and Skydance, Ellison promised transparency in the process of cuts and renovations, observing that the new leadership will be “direct and honest” regarding changes.

After the recent merger between Skydance Media and Paramount Global, the company was renamed as Skydance CorporationAnd now it will pass through a strong renovation.

The post after the merger, Paramount warns that the layoffs will have to perform for the first time that it appeared in digital look.

Source: Olhar Digital

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.