MTV, Paramount and Ridiculousness
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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.
Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.
The changes come as Skydance TV and the former MTV Entertainment and Showtime groups come under the Paramount TV Studios banner, led by Matt Thunell.
The new structure comes as the media giant is laying off 1,000 employees, with more cuts to come at a later date
In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees
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.
Paramount TV Studios is reorganizing its leadership team amid the mass layoffs at Paramount following its merger with Skydance.
Paramount on Wednesday began laying off more than 2,000 employees, a long-awaited consequence of its merger with the Hollywood studio Skydance.
The widely anticipated layoffs come just months after the Trump administration greenlit the creation of the company following Skydance’s bid for the storied entertainment group.
The announcement that Texas filmmaker Taylor Sheridan is exiting his longtime home at Paramount for NBCUniversal sent shockwaves through the entertainment industry. Sheridan has been the most prolific maker of streaming television,
Former CBS producer Trey Sherman is accusing his employer of only laying off people of color on his team.