Paramount Skydance Plans to Cut Nearly 2,000 United States Roles – News
Skydance Paramount plans to initiate mass layoffs during the week starting 27 October, eliminating nearly 2,000 US jobs under a cost-cutting plan valued at $2bn under CEO David Ellison.
These job cuts are a result of the combination between Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
More overseas workforce reductions are likely, with Paramount Skydance intending to disclose complete information during its Q3 financial results set for the 10th of November.
Previous updates had indicated the firm planned to eliminate from 2,000 to 3,000 jobs by early November.
By December 2024, the organization had almost 18,600 full- and part-time employees and 3,500 project-based staff.
The company has not provided a response regarding the report.
