Skydance targets $6bn savings by 2028 with some job cuts

Skydance targets $6 billion in cost savings by end-2028, co-chief executive Ynon Kreiz said in a CNBC Q&A with chairman and CEO David Ellison, as reported by Deadline. Kreiz said savings come from technology, marketing consolidation, real estate optimisation and some labour, with labour not the majority. He said workforce cuts will be handled respectfully and transparently.