From AV Club · · 50s
Skydance layoffs hinted
Warner Bros.-Paramount merger leads to Skydance layoffs.
In brief
Warner Bros.-Paramount merger leads to Skydance layoffs. Skydance, the new Warner Bros.-Paramount merger company, announced massive layoffs after final approval of the merger. Originally reported by AV Club.
Merger approved
Warner Bros.-Paramount merger final approval came Tuesday after industry protests and legal challenges.
David Ellison leads Skydance
David Ellison, who with billionaire father Larry, faced criticism for strong-arm tactics, leads Skydance.
Layoffs announced
Skydance CEO David Ellison and co-CEO Ynon Kreiz confirmed massive layoffs after merger completion.
Debt and layoffs
Skydance carries $80 billion debt, expected to cause massive layoffs despite limited concessions.
Limited concessions
The merger settlement included a five-year pause in layoffs at CBS and $1.5 billion in domestic film production.
Critics proven right
Critics who warned of media consolidation and job losses were immediately proven correct.
The headline
Skydance, the new Warner Bros.-Paramount merger company, announced massive layoffs after final approval of the merger.
