Paramount Skydance Set to Eliminate Around 2,000 United States Roles – Update
Skydance Paramount will start mass layoffs beginning on 27 October, eliminating approximately 2,000 American roles as part of a cost-cutting plan worth $2bn overseen by top executive David Ellison.
These job cuts come after the combination of Skydance Media and Paramount Global, completed in August valued at $8.4bn.
Further global layoffs are likely, as the firm intending to reveal complete information in its third quarter earnings report set for the 10th of November.
Earlier reports had indicated the company planned to reduce from 2,000 and 3,000 positions before the start of November.
By December 2024, Paramount had about 18,600 permanent and temporary staff and 3,500 project-based staff.
The company did not immediately respond regarding the report.
