Skydance CEOs Acknowledge Layoffs Will Be Coming After Paramount-Warner Bros. Merger: Read the Full Memo

David Ellison and Ynon Kreiz say there will be 'difficult decisions that affect our workforce'

By Todd Spangler

Todd Spangler

NY Digital Editor

Latest

• Paramount-Warner Bros. $111 Billion Merger Officially Closes: ‘Today Is a Historic Day, Not Just for Skydance but for Our Entire Industry,’ David Ellison Says 3 hours ago
• David Zaslav Bids Farewell to Warner Bros. Employees in Video on Eve of Skydance Merger Close: ‘It’s Been a Great Honor to Be Alongside All of You’ 20 hours ago
• David Ellison Names Skydance Corp.’s New Leadership Team for Movies, TV, Streaming and More 1 day ago

Paramount Skydance and Warner Bros. Discovery have officially merged into Skydance Corp. And the top leaders have notified the new company’s staffers that layoffs are in the offing.

David Ellison, chairman and CEO, and co-CEO Ynon Kreiz (formerly chief exec of Mattel) sent a memo to employees at the combined company Tuesday morning around 9:40 a.m. ET after the deal closed outlining the operating philosophy of Skydance — and its goals in the years ahead.

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