Paramount Skydance will be cutting 1,600 more jobs just after 600 employees quit in order to avoid returning to work in the office.
Following its layoff of 1,000 employees in October, the company revealed this week it will be cutting 1,600 more jobs as it aims to cut costs amid the recent merger between Paramount and Skydance, per the New York Post :
The company said it will also cut about 1,600 jobs as part of a strategic review, in addition to the 1,000 employees it laid off in late October.
For the fourth quarter, Paramount Skydance expects revenue between $8.1 billion and $8.3 billion, above estimates of $8 billion, according to data…
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