Paramount Skydance Corp

PSKY

Market cap $18.4B

Paramount Skydance will begin mass layoffs the week of October 27, eliminating around 2,000 U.S. jobs as part of a $2 billion cost-cutting plan under new CEO David Ellison, Variety reported on Saturday, citing company sources.

EXCLUSIVE: Paramount announced that their earnings call for Q3 results is on Nov. 10, and as such, it's expected that the entertainment conglomerate is going to move up its reduction in force to the week of Oct. 27. This is according to sources.

LOS ANGELES and NEW YORK , Oct. 17, 2025 /PRNewswire/ -- Paramount Skydance Corporation (Nasdaq: PSKY) announced today that it will report third quarter 2025 financial results on Monday, November 10, 2025. The company will conduct a conference call at 1:30 p.m.

A potential corporate purchase notwithstanding, Warner Bros Discovery today followed Paramount's lead in rejecting an A-lister heavy boycott of the Israeli film industry over the war in Gaza. “Warner Bros.

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Paramount Skydance Corporation (PSKY) Discusses Strategy to Revitalize Content and Grow Streaming Market Share Transcript

A sprawling array of streaming, cable and film properties could position a combined company to better compete with media and tech giants.

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David Ellison's company could take a plan to create a sprawling media conglomerate directly to shareholders.