Paramount Skydance Will Eliminate Approximately 2,000 United States Roles – News
Skydance Paramount is scheduled to begin mass layoffs during the week starting 27 October, removing nearly 2,000 US jobs within a expense reduction strategy totaling $2bn overseen by top executive David Ellison.
These job cuts are a result of the combination between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Further overseas workforce reductions are likely, with Paramount Skydance intending to reveal complete information via its third quarter earnings report set for the 10th of November.
Earlier reports had indicated the firm aimed to eliminate from 2,000 to 3,000 jobs before the start of November.
Until December 2024, the organization had about 18,600 permanent and temporary staff and 3,500 project-based staff.
The company did not immediately respond on the matter.
