Paramount-Skydance to slash 2,000 US jobs in $2 billion cost restructure

Paramount-Skydance announced plans to eliminate 2,000 jobs across the US as part of a $2 billion restructuring effort led by CEO David Ellison. The move follows the merger’s completion earlier this month and is aimed at streamlining operations, reducing duplication, and accelerating studio synergies. Layoffs will span film, TV, and distribution units, marking one of Hollywood’s largest cost-saving drives this decade. Analysts expect Paramount to focus on digital streaming and franchise content post-restructure.