Paramount eyes epic ‘bloodbath' of job cuts in early November after Skydance merger
1. Paramount plans massive layoffs to save over $2 billion. 2. Cuts will happen in early November alongside Q3 earnings. 3. New president Jeff Shell emphasizes one-time layoffs instead of quarterly. 4. David Ellison's restructuring could exceed initial $2 billion target. 5. Paramount acquired UFC rights worth $7.7 billion.