Skydance has acquired Paramount and will announce layoffs during the financial presentation on November 10, under the leadership of the new CEO David Ellison.

Skydance completed the acquisition of Paramount in August, and the company's executives announced that layoffs will be communicated during the financial results presentation on November 10. The new CEO, David Ellison, aims to accelerate the company's technological transformation and achieve synergies of at least $2 billion. The new conglomerate includes Skydance studios, known for the 'Mission: Impossible' and 'Transformers' franchises, as well as Paramount films, the Paramount+ streaming platform, and the CBS, MTV, and Nickelodeon television channels. David Ellison, like his father, Larry Ellison, the founder of Oracle, is a supporter of President Donald Trump, who approved the acquisition after a year-long wait. The company has not yet provided details about the exact number of layoffs.