Skydance Paramount Plans to Remove Nearly 2,000 United States Roles – Report
Paramount Skydance will begin mass layoffs during the week starting 27 October, eliminating about 2,000 American roles as part of a cost-cutting plan valued at $2bn under new chief executive David Ellison.
These job cuts are a result of the combination between Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
Additional international job cuts are likely, with the company intending to announce all specifics via its third-quarter financial update on 10 November.
Previous updates stated the firm was looking to reduce between 2,000 to 3,000 positions by the beginning of next month.
By December 2024, the organization had about 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The organization has not provided a response on the matter.
