Paramount Skydance to slash 1,600 more jobs after revenue disappoints — but issues upbeat forecast
1. Paramount Skydance plans $1.5 billion programming investment next year. 2. Fourth-quarter revenue forecast is $8.1-$8.3 billion, exceeding estimates. 3. Shares rose 2.5% after earnings announcement despite missing third-quarter estimates. 4. Company will cut 1,600 jobs, adding to previous layoffs of 1,000.