Paramount Global Steels Itself For New Round Of Layoffs As Q2 Earnings Hit, End Of Skydance “Go-Shop” Period Nears

A momentous couple of weeks for Paramount Global are underway. Its second-quarter earnings are due out today; the "go-shop" period in the $8B Skydance deal closes August 21; and a new round of layoffs is expected next week. Paramount will release its earnings after the market closes, with Wall Street analysts forecasting a 5% year-toyear revenue dip due to challenges in linear TV and at the film studio. In addition to the Skydance deal, the eyes of the financial community will be focused on Paramount's cost ...