Paramount Skydance boosts savings layoffs and price hike | JQJO

Paramount Skydance said it now expects $1 billion more in merger savings, detailing CEO David Ellison’s ambitions alongside its first post‑merger quarterly report. The company is leaning into streaming and live sports rights while cutting elsewhere, unveiling another round of layoffs affecting about 1,600 employees tied to divestitures of assets in Argentina and Chile, weeks after beginning to lay off approximately 1,000. Paramount+ prices will rise in the first quarter of next year to bolster content and technology; the service last raised rates in June 2024. Shares rose about 6% in extended trading Monday.