Skydance Paramount Will Eliminate Approximately 2,000 United States Roles – News
Skydance Paramount plans to start mass layoffs during the week starting 27 October, removing about 2,000 positions in the United States under a expense reduction strategy valued at $2bn under top executive David Ellison.
The workforce reduction follow the merger between Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
More international job cuts are expected, with the company intending to reveal full details during its Q3 financial results scheduled for November 10.
Prior news stated the firm planned to cut from 2,000 and 3,000 positions by early November.
By December 2024, the company employed almost 18,600 permanent and temporary staff and 3,500 project-based staff.
Paramount Skydance has not yet commented on the matter.
