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Skydance Co-CEO Ynon Kreiz Says Jobs Cuts Will Be Handled “Respectfully, Transparently” As Company Restructures
Ynon Kreiz , the new co-chief executive of Skydance, said a planned $6 billion in cost savings will come from “technology, marketing consolidation, real estate optimization, and some labor. Although labor is not the majority of the savings.
Summary
Ynon Kreiz , the new co-chief executive of Skydance, said a planned $6 billion in cost savings will come from “technology, marketing consolidation, real estate optimization, and some labor. Although labor is not the majority of the savings.” But “we’ve been public” that synergies will involve some workforce reduction, he said during a Q&A on CNBC this morning alongside Skydance chairman and CEO David Ellison .
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