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fromFortune
4 days ago

Paramount's new CEO tells employees to return to office full-time or quit ahead of layoffs

Paramount CEO David Ellison, in one of his first companywide memos, demanded staff come back to the office five days a week or else find a new job. Ellison, the founder and CEO of Skydance Media, became CEO of Paramount after its long-stalled $8 billion merger with Skydance was finalized last month. Since then, he has warned employees of efficiency changes, and said in an email that the new return-to-office mandate, which will be pushed out in phases starting January 2026, will "unlock Paramount's full potential," reported.
Business
Media industry
fromEntrepreneur
2 weeks ago

Paramount Is Cutting Thousands of Jobs After Skydance Merger | Entrepreneur

Paramount, a Skydance Corporation, plans layoffs of about 2,000–3,000 employees to achieve $2 billion in annual cost savings after its $8.4 billion merger.
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