Paramount Skydance Plans to Eliminate Approximately 2,000 United States Roles – Report
Skydance Paramount is scheduled to start mass layoffs the week of 27 October, eliminating nearly 2,000 positions in the United States within a expense reduction strategy worth $2bn overseen by CEO David Ellison.
The workforce reduction follow the union between Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
Further international job cuts are anticipated, with Paramount Skydance planning to reveal all specifics in its Q3 financial results set for the 10th of November.
Prior news suggested the firm was looking to reduce from 2,000 and 3,000 positions by the beginning of next month.
As of December 2024, the organization retained almost 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The organization did not immediately respond regarding the report.
