Ramsey Naito, the president of Paramount Animation, shared she was exiting the company in a memo to staff Wednesday evening.

Ramsey Naito is the latest executive at Paramount to depart the studio as CEO David Ellison continues his leadership shakeup.

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 has initiated its first major round of layoffs following the company’s merger with Skydance, and the David Ellison regime has cut a number of executives across its television divisions.

As Paramount begins cleaning house under new CEO David Ellison, Paramount Animation‘s President Ramsey Naito is the latest to step down from the company. Below is her note to staff this evening: Team,

Ellison, for his part, reiterated that he plans to invest in the company, plans supported by the monster $7.7. billion deal for UFC rights, as well as deals for things like Bari Weiss’ The Free Press, film rights for the Call of Duty video game franchise, and a deal with the Duffer Brothers, among others.

Ramsey Naito is exiting her post as president of Paramount Animation. “I want to share with you that I am leaving the company and closing this very special chapter with all of you,” she wrote on Wednesday night in a note to staff.

Paramount has signed a 10-year lease to occupy a production facility currently under construction in New Jersey. The move will allow the media company to qualify for the state's tax incentives.

"This restructuring marks a pivotal step in shaping the path forward," co-chairs Dana Goldberg and Josh Greenstein say.