List Of Hollywood & Media Layoffs From Paramount To Warner Bros Discovery To CNN & More
Article excerpt
Skydance began offering voluntary buyouts to some employees on Monday, NBC Los Angeles reported. It is the latest entry in a long run of entertainment job cuts that Deadline has been tallying across studios, streamers and game makers. The one-time program arrives nearly three weeks after Skydance closed its $111 billion acquisition of Warner Bros. Discovery on Oct. 6. That deal put the Paramount and Warner Bros. film studios, CBS, CNN and HBO under one owner. Chief executive David Ellison and co-chief executive Ynon Kreiz wrote in a memo, NBC Los Angeles reported, that not every employee will have a future at the company. Eligible employees will get individual notifications. The company has not said how many people qualify or how many positions it wants to remove. The memo also sets a five-day office requirement, to be introduced in phases by location. Ellison already imposed that rule at Paramount after Skydance bought the studio last year. The combined company is seeking $6 billion in cost reductions over three years, including $2 billion in the first year. Ellison has said the savings would come mainly from technology, procurement and real estate rather than workforce cuts. A report commissioned in August by the Los Angeles County Department of Economic Opportunity and the county Film Office estimated the merger could eliminate about 4,500 jobs in the county over three...
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Paramount+ head of originals Jane Wiseman is also leaving as the streamer and HBO Max combine operations under Casey Bloys.
