The newly formed Skydance Corp. has officially closed its merger with Paramount and Warner Bros. Discovery. Company leaders David Ellison and Ynon Kreiz have informed employees that layoffs are imminent. This decision is part of a strategy to achieve significant cost savings following the integration of the two entities. The exact number of affected employees has not yet been disclosed. Executives expressed a commitment to handling the process with thoughtfulness and respect.
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https://variety.com/2026/film/news/skydance-ceo-memo-layoffs-paramount-warner-bros-merger-1236901335/