Paramount begins steep layoffs as David Ellison reshapes the media giant

Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer.

​ Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer. Read More Breaking News, Latest News and Videos | CNN