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Skydance CEOs warn of layoffs, $6B in cuts after WBD deal closes

TheWrap’s Lucas Manfredi reports that Skydance co-CEOs David Ellison and Ynon Kreiz told staff at their first town hall to expect “difficult decisions” as the company targets $6 billion in cost savings over three years following the Paramount-Warner Bros. Discovery merger close.

Why it matters. Employees and local economies face layoffs, with a Los Angeles County study estimating nearly 4,500 local film and TV jobs at risk over three years.

Signal from thewrap.com · Lucas Manfredi · read the original.

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