Paramount Skydance Corporation was formed by one of the most high-profile media acquisitions of the second Trump administration.

The company previously laid off nearly 300 workers locally in anticipation of its now-completed $8 billion merger.

About 600 Paramount Skydance employees took a voluntary severance package after the company set a January 2026 return-to-office directive mandating five days per week in the office.

Paramount shares surge 10% after its first earnings report since merging with Skydance, as Ellison outlines $1B in new savings and bold global ambitions.

White House officials have discussed changes at CNN if Paramount Skydance purchases Warner Bros. Media, according to The Guardian.

As the dust settles from the $8 billion merger between Paramount and Skydance, the entertainment giant faces a pivotal moment. In a bold move, CEO David Ellison issued an ultimatum to employees: return to the office full-time or accept a severance package.

Paramount Skydance is categorically denying a report from Variety that claimed the company had partnered up with three Middle Eastern entities to put together an astounding bid for Warner Bros. Discovery.

Paramount Skydance recently shelled out $185 million to employees who voluntary left after the company's RTO mandate.