Skydance Paramount Plans to Eliminate Around 2,000 American Positions – News
Skydance Paramount plans to begin mass layoffs during the week starting 27 October, removing about 2,000 US jobs as part of a budget-saving initiative totaling $2bn overseen by new chief executive David Ellison.
These job cuts are a result of the merger of Skydance Media and Paramount Global, finalized this past August valued at $8.4bn.
Additional international job cuts are expected, as the firm aiming to announce full details in its third quarter earnings report scheduled for November 10.
Prior news stated the firm was looking to reduce between 2,000 to 3,000 jobs before the start of November.
By December 2024, Paramount had almost 18,600 full- and part-time employees along with 3,500 contract workers.
Paramount Skydance did not immediately respond on the matter.
