Paramount Skydance to slash 1,600 more jobs after revenue disappoints — but issues upbeat forecast

1. Paramount Skydance plans $1.5 billion programming investments next year. 2. Fourth-quarter revenue forecasted above Wall Street estimates, signaling growth. 3. Shares rose 2.5% post-announcement, indicating positive market reaction. 4. Company to cut 1,600 jobs amid strategic review, impacting workforce. 5. Reported third-quarter revenue missed estimates at $6.7 billion.